Troy Nickerson Quotations

ISM is a big part of what's going on, as is the weaker construction. Sun's shake-up is certainly hurting techs. But what we're especially seeing is a lack of belief on the part of investors in extending yesterday's (Tuesday's) rally.

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.

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.

There weren't really any trading floor rumors, nothing in terms of news. What you saw late afternoon that turned it around was a lot of short covering. So much selling had been done all day that shorts needed to cover. We're also at the end of the quarter and that comes into effect, too.

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.

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.

Generally, investors are looking for entrance points or exit points, and there's a lot of negative pricing out there.

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.

We need to get corporate earnings to turn around before investors regain confidence.

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.