Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (25738)	3/25/2000 3:25:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68319

Hi Clint, I am having trouble coming up with a good scenario for this earnings season. I expect a push to the upside as we finish window dressing for the end of Q, then a stall/pull back as we focus on the economic number in the first week of the new month. After that it becomes more fuzzy. The psychology seems to be to the upside. Most people expect the Q2 profits to be good. I get the feeling that might be built into the market and more though. I see a bias to the upside given the speed of the rebound in the COMPX, but do we rally into the earnings date and then sell off as people take money out of the market to pay taxes and prepare for the summer holiday months. I wonder? The technical break of the uptrend in the 30 year bonds is puzzling too. It is fuelling in part the run on the financials. As group they were tremendously over sold as Thomas indicated. How much they have to run I will have to look at more closely. This indicator with the DJUA and DJTA seem to be indicating lower rates in the future, which is something near term we know is not going to happen. Something is happening here that is current not reflected explicitly in the news. I try to add some names to the list later this weekend. As a kick off I would add GLW. Look at my post to Stefan for the rationale. Message 13272146