We may have broken ordsprog
We may have broken out of our trading range, but we would like to see some follow-through before we commit additional dollars to the market.
Paul Nolte
Here's a market that can't follow through up or down. In my definition, that's a trading range.
Phil Flynn
You get a kick in the market that draws in the buyers. Ergonomics is available on livet.se I think we're in a trading range and are getting into the bottom half of that trading range.
Richard Cripps
I think we've already broken out of the trading range. Most of 2005 was the trading range.
Gail Dudack
I'm left with the sense that this is a trading-range market, not a larger decline. The major averages are now coming down to their late August lows, which are presumably the low end of this trading range. There wasn't any real sign of a reversal yesterday, but support is nearby and downside leadership is poor.
Ken Tower
The weekend 'No' vote was deemed to be negative for the euro and has sent the euro/dollar into a new trading range. It is quite possible that in the coming weeks we could get as low as $1.20 before the market decides that it has bought enough dollars for the time being.
Michael Woolfolk
The weekend 'No' vote was deemed to be negative for the euro and has sent the euro/dollar into a new trading range, ... It is quite possible that in the coming weeks we could get as low as $1.20 before the market decides that it has bought enough dollars for the time being.
Michael Woolfolk
Technically, the Nasdaq is trying to hold important support at 4,000 but it hasn't broken out of its trading range. One of the reasons it hasn't broken out is this semiconductor/chip story -- it's going to keep that index rather subdued.
Barry Hyman
Crude oil has broken out of a six-week trading range.
Carl Neill
The market has been stuck in a very tight trading range for a month. Yesterday's NYSE volume of just over a billion shares makes me nervous. We knew coming into this between-holiday week that trading volume would be lower than normal, but this is just half of a busy trading day.
Ken Tower
In technology, IBM ( IBM : Research , Estimates ) is more of a technical analysis play. The stock has broken out, or getting very close to breaking out, of a trading range. And I think the market's still going to give a premium to quality companies in technology. IBM being listed doesn't get that Nasdaq appeal, however. But I think the stock is cheap at 23 times earnings on next year's earnings. And their big server market and the other types of technology they have are doing very well in the service sector.
Barry Hyman
The market has been in this trading range for a while. The market is now digesting all of this economic news. I believe we're poised for another good run in the market.
Brian Finnerty
The market has been entrenched in range-trade for such a long time that people cannot see a reason to buy dollars at the higher end of the range or sell them at the lower end.
Fumihiko Kawano
We've got so many cross currents competing right now, and we're in this trading range. And I think we're gonna have this volatile trading range for a while.
Peter Mancuso
The market is looking for that soft landing. If we can get through the productivity unit labor cost next week, and they are benign, and it takes the Fed totally off the radar screen, then we'll get a relief rally, but not a bull market. So we're in a non-bear market, non-bull market. We're in a trading-range environment.
Richard Suttmeier
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