[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 …
Upheaval: Dumping Into The Close
[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 …
Starting 2022 With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets We’re still in the last two days of the peculiar Santa Claus rally, with the major indexes overcoming early weakness and then welcoming the new year with a rally, as the Dow scored another record close. None of this would have been possible without the usual short squeeze, which helped the bullish cause. …
Keeping The Bullish Meme Intact
[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes bouncing around in a narrow trading range, the S&P 500 managed to notch its 70th record close of the year, while the Dow rose for the 6th day in a row. Traders hope to not only end the year on a high note but also that this positive momentum …
Maintaining Momentum
[Chart courtesy of MarketWatch.com] Moving the markets After the recent ramp-a-thon, it was to be expected that the markets would consolidate a little bit, which is exactly what happened today. While the Nasdaq gave back 0.56%, the S&P 500 ended just about unchanged, but the Dow eked out a tiny gain thereby recording its 5th day of advances. However, upward …
The Santa Rally accelerates
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s upward momentum picked up steam today with the bulls clearly being in charge and pushing the major indexes higher with the S&P 500 scoring another record. Despite a surge in Covid cases, the mood remained buoyant, at least in terms of equities, with some analysts expecting no lasting or meaningful Omicron …