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January 26, 2005
Catching Up
Life is predictably a matter of 'hurry up and wait'. In my case, I have been super busy preparing the top banner links, and they are starting to show. In the meantime, I have not been spending much time on the market or writing about it. Yesterday, I did note that some of the biggest cap stocks were boosted near the close so that the Dow closed up 93 points rather than the 60 or so I felt likely.
As for my blog, the edits to the top banner that I added last night will be updated over the next couple months and be kept up to date after that. Other sections will be added in the next several days.
The stocks lists in the GICS Sector pages were taken from publicly available S&P sources plus significantly edited by me. This data will contain mistakes until I get a chance to review and correct it, but that will be done.
Right now, the lists are being put into a sortable database, with links to Yahoo Finance summary data, technical charts, references in my articles, and to TW (my upcoming premium service), all of which I think will be immensely valuable to you.
This morning the Dow, S&P and Nasdaq futures are strong, which indicates a good start for the bulls, and crude oil prices are down 40 cents, but I think this is a market where most traders are watching for developments in the USD, in Iraq re the election, in corporate earnings and 1Q05 guidance, and so forth.
I don't think traders know at this point whether or not the short-term bear phase (i.e., a couple weeks) might turn into a more serious intermediate-term bear phase (i.e., a couple months) or will reverse here, based on a positive follow through today.
I'll let you know later in the day how I think the short-term will play out.
Posted by Posted by Bill Cara on January 26, 2005 08:35:13 AM | Category: Blogging World , Cara Today in the Market