We've got some weighty numbers tomorrow, with consumer sentiment and Chicago PMI due.
More Quotes from Tom Schrader:
It's a broad advance today -- pretty much every sector is up. It's really just a case of ... an oversold market, but sometimes oversold markets pick up steam.Tom Schrader
Intel and a Barron's online article about slower PC sales hit the techs in the morning, but I don't think they said anything that hasn't been said or hinted at recently.
Tom Schrader
We had a great run and I think it's time for a little pause as we reflect.
Tom Schrader
The concern is that we're very overbought right now.
Tom Schrader
I'm trying to stay positive but it's really hard. I guess one silver lining is that October, historically, has often been a period when we've been able to put in a good bottom and see real capitulation. We've already hit several lows this month and from a technical standpoint, it looks like because we are at such extreme levels, we really could see some sort of rally before the end of the year.
Tom Schrader
We're suffering from a dearth of information -- there's no economic news until Thursday.
Tom Schrader
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