FastSaying

I expect the index to move sideways today as there's a bit of profit taking.

Herbert Lau

ProfitToday

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The market is basically quite quiet. There's some profit-taking after yesterday's surge but overall market sentiment has stabilized somewhat because recent U.S. data has been quite positive and that has allayed fears about an interest rate rise this month.
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We're seeing some profit-taking of blue chips after Friday's gains but generally the market is very quiet ahead of the release of more U.S. economic data tonight and an expected interest rate hike tomorrow.
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The commodity was down earlier today because we are seeing a bit of profit-taking on stocks. The market looks like it is stabilizing a little bit. With everything that has happened, people are going to continue looking at different asset classes ? from bonds, to gold, to health care ? largely defensive plays as investors look for safe havens.
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I think the Nasdaq was facing a lot of profit taking already. Certainly on the Nasdaq today, the Microsoft issue is hitting stocks in general.
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I think we were probably a bit overdone on the upside and there's some profit-taking taking place today.
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