 |
Home > Publications > Wall Street Strategies > Article
|
|
 |
|
|
 |
 Securities Operations Forum has a special arrangement with Wall Street Strategies to provide access to this daily market commentary for free to SOF users. WSS provides independent investment advice and is not affiliated with any broker or underwriter. To receive a free personal email with the daily commentary, subscribe here.
|
 |
 |
 |
 |
| 2010-07-27 01:26 |
MORE MIXED SIGNALS
|
|
At one point the market was poised to take off, but a funny thing happened to the clean breakout. A reminder to just how tough things
are and just how uneven even the best rebound could be. (I never played the letter game but this isn't a "V" -shaped recovery.) The market wants to
move higher, but challenges remain. US Steel (X) posted a fantastic earnings report but only offered flimsy guidance. That bit of news is crushing the
sector, which I already believe is oversold. Consumer confidence continues to be on a rollercoaster ride that could only be described as hair-raising
and worrisome. It's not the banks or big businesses we're talking about but instead ordinary people that are losing hope and confidence.
Ironically, confidence about where the nation will be in the next six-months slipped noticeably even as a couple of segments of the report
improved. The expectations component dropped much more than present conditions and that is never a good sign. But, maybe the jobs picture is getting
better. So, if people feel better about jobs, and they are still worried, what the heck are they worried about? Paging Rahm Emanuel...it's not Gaza.
The market has enjoyed a sharp move higher, the uncertainty is a
chance for sellers to bail, but I don't think they will.
| Delivery, and or
timely delivery of Internet mail is not guaranteed. Wall Street Strategies therefore recommends that you do not rely on email as your sole method of
communication with us. We recommend using your company email address or one issued to you by your Internet Service Provider. Free web-based email
accounts like Hotmail and Yahoo are not advised as they are subject to quotas, filters and frequent delays.
Disclaimer: All investment entails
inherent risk. Wall Street Strategies' research seeks to assist investors in determining when to buy and when to sell to attempt to maximize profits
or minimize losses. All final investment decisions are yours and as a result you could make or lose money. Wall Street Strategies, its employees
and/or its affiliates and family members may from time to time take positions in the open market or otherwise with respect to the securities
discussed. Wall Street Strategies, its employees and/or affiliates do not have stock ownership equal to or greater than 1% of the outstanding stock of
the covered company nor does any employee of Wall Street Strategies sit on the Board of Directors of any covered company. Wall Street Strategies is
not a broker/dealer, and the firm does not underwrite securities, manage assets or perform investment banking activities. The statements made herein
include information obtained from sources believed to be reliable, but no independent verification has been made and we do not guarantee its accuracy
or completeness. The statements made herein contain general information and do not constitute an offer to buy or sell any security.
61
BROADWAY SUITE 1425, NEW YORK, NY 10006 Tel: 212-514-9500 Fax: 212-514-9582 | | Manage Your
- 58340 | |
|
 |
Disclaimer: Securities Operations Forum is providing this research to assist investors in determining when to buy and when to sell. All investment decisions are yours and as a result you could make or lose money. Securities Operations Forum, its employees and/or its affiliates and family members may from time to time take positions in the open market or otherwise with respect to the securities discussed, but not have stock ownership equal to or greater than 1% of the outstanding stock of the covered company nor does any employee of Securities Operations Forum sit on the Board of Directors of any covered company. The statements made herein include information obtained from sources believed to be reliable, but no independent verification has been made and we do not guarantee its accuracy or completeness. The statements made herein contain general information and do not constitute an offer to buy or sell any security. |
