[Chart courtesy of MarketWatch.com] Moving the markets After the Chinese offered not much hope for a successful outcome of the upcoming trade meeting, today it was the US’s turn to up the ante by blacklisting 28 Chinese companies due to alleged human-rights violations against Muslim minorities. Should this mutual hostility fest continue, Friday’s scheduled high-level trade meeting might be over …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets An early drop was followed by a pop above the unchanged line but in the end, equities simply ran out of steam with the S&P closing at its lows for the session. Early words of hope regarding the always uncertain US-Trade relations managed to pull the markets higher, but even the often confused …
No Market Commentary
On a personal note, I will not be posting today and Friday. This time it’s not a business issue, but a personal one. My wife and I will be traveling to San Diego to be part of my son’s wedding. I will, however, monitor the markets and adjust our holdings, should that become necessary. Regular posting will resume this coming …
International TTI Signals ‘Sell’
I mentioned yesterday that our International Trend Tracking Index (TTI) had crossed its long-term trend line to the downside by -2.00%. This morning, it took another steep dive thereby clearly heading deeper into bear market territory, which means a ‘Sell’ signal, effective today, has been generated. As I posted at the time of the ‘Buy’, I did not participate in …
The Sea Of Red Continues
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s sea of red worsened today, as absolutely no bullish sentiment was found anywhere, which had the major indexes heading sharply south in one of the worst starts to a quarter since 2008. The downside leader was Transportations, which are now down 5% so far this week. In addition to Tuesday’s weak …
Markets Stagger Into A Red October
[Chart courtesy of MarketWatch.com] Moving the markets An early rally turned into a beating with the major indexes heading south all session long. The culprit was identified as downright ugly manufacturing information that had stocks and bond yields plunging. The ISM manufacturing report came in at its worst level since 2009, as the index dropped to 47.8 in September from …