[Chart courtesy of MarketWatch.com] Moving the markets It had to happen eventually, and today was the day. After 4 days of taking a beating, equities finally found a reason to rally, as questionable as it may turn out to be. One analyst linked it to the adage “buy the rumor, sell the fact,” but in this case it turned into …
Another Wild Ride On A Bucking Bronco
[Chart courtesy of MarketWatch.com] Moving the markets Sometimes you just simply must step back and watch in awe how current markets trade like a penny stock when it comes to volatility. Yesterday, equities were simply spanked all day, which continued this morning as the Dow sank some 200 points and bounced around below its unchanged line. A sudden burst of …
Bubble Meets Trouble
[Chart courtesy of MarketWatch.com] Moving the markets I noted my surprise on Friday that equities had not been more negatively affected by the geopolitical events, but that notion seemed to have changed today. One look at the S&P 500 chart above tells the story that the bears ruled supreme and, at least for the time being, won the tug-of-war against …
Popping And Dropping
[Chart courtesy of MarketWatch.com] Moving the markets Chopping around their respective unchanged lines appeared to be the mantra for the major indexes, after an early pop ran out of steam and gave way to weakness, as bullish sentiment fell by the wayside. The Nasdaq fared the worst with a 1.56% loss, though the Dow and S&P 500 retreated only moderately. …
Bounce-Back Wednesday
[Chart courtesy of MarketWatch.com] Moving the markets The bulls tried to shake off the effects of the Ukraine-Russia confrontation and managed to squeeze out a rebound, despite surging oil and commodity prices. While the major indexes recovered yesterday’s losses, today’s action had the smell of a dead cat bounce. Sure, there were several verbal assists helping market sentiment starting with …
A Puke-A-Thon For Equities
[Chart courtesy of MarketWatch.com] Moving the markets As the Russia-Ukraine conflict spreads and intensifies, it should come as no surprise that equities eventually would be affected negatively. We have seen some late session comeback attempts, but current geopolitical conditions may make it very difficult to continue these efforts. The reality, that sanctioning others may have a boomerang effect came into …