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Microsoft and Google reported kind of weakish earnings. S&P is flat on the day, DAX is underperforming, there are scary headlines out of Detroit, but the market is seems to be taking things in stride.
In an interview to CNBC-TV18, Ryan Detrick, Chief Technical Strategist at Schaeffer's Investment shared his take on Wall Street action.
Ryan Detrick, Chief Technical Strategist at Schaeffer‘s Investment said in an interview to CNBC-TV18 that February is historically the weakest month for the S&P 500.
According to Ryan Detrick, Schaeffer‘s Investment, the markets are getting into historically bullish timeframe. "With the historical seasonality, we are looking for a potential year-end bounce here. But we need some type of a good news. It has probably come from fiscal cliff or Greece area," he adds.
In an interview to CNBC-TV18, Ryan Detrick, Chief Strategist at Schaeffer's Investment spoke about the global issues surrounding the US economy and why he thinks US fiscal cliff issue is more challenging than the Euro zone crisis.
In an interview to CNBC-TV18 Ryan Detrick, chief technical strategist at Schaeffer's Investment Reseach talked about his take on the day's trading action. He also talked about how Wall Street is performing now.
Ryan Detrick, Chief Strategist at Schaeffer‘s Investment said there are a lot of uncertainties in the market which is pulling it lower. Once the elections are over, there can be some clarity about the market direction, he feels. Till then, there could be near term volatility and downtrend, added Detrick.
The Federal Reserve's begins its two-day policy meeting today. In an interview to CNBC-TV18, Ryan Detrick of Schaeffer's Investment says there probably will not be a QE3 this Thursday.
Ryan Detrick, Chief Technical Strategist, Schaeffer‘s Investment believes irrespective of what the Federal Reserve or ECB says, fundamentals have weakened. On Friday the US jobs data is expected and it is likely to be a big market moving event, feels Detrick.
Ryan Detrick, the chief technical strategist at Schaeffer's Investment, believes global equity markets will continue their upward path on account of low expectations from the street.
The US markets erased most of their gains to finish flat on Euro zone concerns. In an interview to CNBC-TV18, Ryan Detrick, chief technical strategist at Schaeffer‘s Investment Research says, oversold bounce probably will continue in the near-term.
Ryan Detrick, chief technical strategist at Schaeffer‘s Investment tells CNBC-TV18 in an interview that earnings estimates for this season by market analysts have been too low.
April has historically rewarded investors with market gains, and this time may be no different even on the heels of a stellar first quarter performance.
After a good start to the year for US markets, Ryan Detrick, CTS, Schaeffer's Investment believes that it is time for equities to consolidate. Detrick is of the view that traders may use the Greece issue as an excuse to book profits. He added that the US is finally decoupling from all the European issues to a degree is an encouraging sign.
In an interview to CNBC-TV18, Ryan Detrick, chief strategist of Schaeffer's Investment indicated that they are happy that the year is over. Moreover, he hopes the New Year to be positive for the markets. "We are definitely on the bull camp here," he added.
After last Friday's close, post the December 9 EU Summit, markets seemed more welcoming but the same can't be said for the start to this week.
Ryan Detrick, chief strategist at Schaeffer's Investment Research, in an interview to CNBC-TV18's Menaka Doshi, gave his views on the US market will perform going forward on the back of weak European market.
In an interview with CNBC-TV18, Ryan Detrick, Chief Strategist at Schaeffer’s Investment gives us his perspective of the US markets that are currently going nowhere in trade on Wall Street.
In an interview with CNBC-TV18, Ryan Detrick of Schaeffer's Investment expects the deterioration of the overall US economy to continue.
Ryan Detrick, chief technical strategist at Schaeffer's Investment Research shared his views with CNBC-TV18's Menaka Doshi on the implications of Bernanke's speech on the US economy.
In an interview with CNBC-TV18's Menaka Doshi, Ryan Detrick, Chief Technical Strategist at Schaeffer’s Investment Research gives his view on the US market.
Ryan Detrick, Chief Strategist at Schaeffer's Investment Research tells CNBC-TV18's Menaka Doshi that on the back of last week this is proving to be another slow week.
Ryan Detrick, Chief Strategist at Schaeffer's Investment talks to CNBC-TV18 about where US equities are right now.
Ryan Detrick, Chief Strategist, Schaeffer's Investment in an interview on CNBC-TV18 spoke about the data emerging from the US. He also gave his view on how he sees US markets playing out after many brokerages published their oil and commodity forecasts.
Ryan Detrick, Chief Strategist at Schaeffer's Investment, told CNBC-TV18 that higher dollar is sending crude down, creating pressure on the already sliding energy stocks, and developing additional concern for the market.
