People are waiting for the next catalyst. Earnings are done, the Fed is in a neutral stance. There's nothing big coming up in the next month, so the market will continue to trade on rumors and speculation.
"Troy Nickerson" is a collegiate national champion wrestler from New York.
Nickerson attended Chenango Forks High School in Binghamton, New York. At Chenango Forks, Nickerson became the first five-time High School state champion (Div IV) of New York and amassed a record of 217-6 while winning several junior national championships. He was so dominant as a schoolboy that [http://www.intermatwrestle.com/articles/179 Intermat named him the ninth best high school wrestler] for the entire 20-year period ending in 2005. At the Fargo tournament, the most prestigious schoolboy wrestling event in the U.S., he captured five titles in six tries.
After graduating from high school Nickerson attended Cornell University, where he won three EIWA wrestling titles and was a rare four-time All-American. In his junior year, Nickerson won the 2009 NCAA wrestling title at 125 pounds. He finished 2nd as a true freshman, 3rd as a sophomore, and 4th as a senior with a total career record of 97-8. He served as captain during his senior year and was a member of the Quill and Dagger society.
In September 2010, Nickerson accepted a position as an assistant coach for the Finger Lakes Wrestling Club of New York, which focuses on promoting all levels of wrestling in New York State.
More Troy Nickerson on Wikipedia.In terms of tech, historically, chips have led the markets, so people are thinking if they can see a turnaround, maybe other techs can, too.
The market is event driven and we're looking for some events in times of turnaround. We need corporations to start spending money again and then for that to follow through to the consumer.
We need to get corporate earnings to turn around before investors regain confidence.
We've had two very strong days in a row. But I don't think it will be sustainable at quite these levels going forward.
Next week is relatively light, but the following week has a lot of names reporting and nobody wants to buy in front of the numbers. It's going to be less about what the individual companies report, but rather the overall tone that will move the market.
There are a couple of tech conferences this week and some economic reports due, but other than that, the problem is there's just no real catalyst right now.
People are really going to be watching the pre-numbers for this next quarter. We need to get some sort of reversal if we're going to be able to stabilize.
Generally, investors are looking for entrance points or exit points, and there's a lot of negative pricing out there.
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