Michael Sheldon Seeing Quotations

We're seeing a continuation of the trends that were generally in place through much of the first quarter. We continue to see a number of uncertainties below the surface, but investors have mostly focused on the positives.

Looks like the stock market has gotten off on positive footing after yesterday's broad-based decline. We're seeing gains in eight of 10 S&P sectors. The data that came out so far was pretty much in line with expectations. Looking ahead, investors will be keeping an eye on auto sales.

We're really seeing almost a stealth rally today. Some of the most beaten-down groups of the last few days -- like airlines and retailers -- are seeing gains. But it's not just them. Five out of 10 S&P 500 groups are up at least 1 percent.

We're not seeing a lot of follow-through in the Nasdaq. You're not seeing a dramatic weakening in the index, but Apple created a bit of a drag for tech stocks, and we haven't seen buyers really step up to the plate.

We're not seeing a lot of conviction, either by buyers or sellers, so far this week.

Temporarily, the market may have run out of gas. On a technical basis, we're looking overextended, so you're seeing a little profit taking,

Despite the Democratic National Convention, the biggest story of the week has been energy prices. That's prevented the market from seeing a bigger rally off these oversold conditions.

There's a major rise in oil prices, increased investor worry about the upcoming earnings season and you're also seeing some profit-taking after the market's six-week run-up.

The market's trying to stabilize. We're seeing some strength in a few of the beaten-down sectors, including technology and basic materials.

The markets so far have been unable to build on yesterday's gains, and right now are being held hostage by the bond market. But we are seeing some strength in semiconductors, energy stocks and some of the metals companies.