Tech has been pretty much the strongest sector over the last month. Momentum players are focusing to buy on pullbacks. Michael Matousek More Quotes by Michael Matousek More Quotes From Michael Matousek If stocks rally up to a declining 50-day average, people will sell against that. Michael Matousek company-news That got some people thinking' Maybe I should buy. Michael Matousek company-news Those are the two things one everyone's minds, that's why you have some of this selloff. Michael Matousek top-news That's why you have some of this selloff. We're down but it's not like the sky is falling. Michael Matousek company-news It's a quiet one today. With the Fed coming out Thursday nobody wants to take any real shots. Michael Matousek company-news This rally took a lot of people by surprise. A lot of people were anticipating the last half of the day would roll over and fall off and that hasn't happened. You could see the buying accelerating at mid-day and people saying I'm wrong and starting to cover their shorts, you have the shorter-term guys moving the market. Michael Matousek company-news The S&P has had five down days in a row and a lot of people are starting to nibble. Michael Matousek company-news Until it's all said and done they're just jockeying for position back and forth. The negotiation process still isn't over. Michael Matousek company-news People are still concerned about whether we will have a liftoff in the fall or not. That's the big driver. Michael Matousek company-news The billion-dollar question is, has everyone gotten so complacent that we could see things roll over? Michael Matousek company-news Ultimately I don't think it can be resolved any time soon. Michael Matousek company-news You could start seeing M&A take place, since it makes sense for the bigger players to start gobbling up smaller companies, they've got plenty of cash on hand and can use it to grow if they're not growing organically. Michael Matousek technology The trend isn't broken and you need to go with it until it breaks. Michael Matousek company-news
