Category Archive

[Chart courtesy of MarketWatch.com] Moving the markets An early pump ran into strong resistance with the major indexes suddenly reversing and even breaking their respective unchanged lines to the downside. Fortunately, dip buyers stepped in and saved the markets from closing in the red. The much-anticipated Consumer Price Index (CPI) showed an amazing 7% YoY ramp, which was in line …

[Chart courtesy of MarketWatch.com] Moving the markets The major indexes built on yesterday’s comeback rally with the Nasdaq again taking the lead by gaining 1.41%. Still, the markets are struggling to find some footing after the New Year’s sell-off. Rising interest rates have been the culprit that brought the Santa Clause rally to a standstill and a subsequent reversal. For …

[Chart courtesy of MarketWatch.com] Moving the markets Last week’s negative market theme continued this morning when the major indexes took another dive with the Dow being down over 500 points at one moment in time. Dip buyers made an appearance, as the indexes attempted to climb out of a deep hole. Though they did not manage to crawl back to …

[Chart courtesy of MarketWatch.com] Moving the markets Another up and down day supported the meme that bulls and bears are engaged in a tug-of-war with the latter so far coming out on top. However, today, the forces were more evenly matched, as the major indexes surrendered only a fraction with the Dow faring the worst. The tech sector was in …

[Chart courtesy of MarketWatch.com] Moving the markets Though the Dow staged a solid rally early in the session, the S&P 500 was barely hanging on to its unchanged line, but the Nasdaq never saw any green numbers. All of this changed mid-day with the major indexes simply losing steam and dumping into the close led by the Nasdaq with a …