[Chart courtesy of MarketWatch.com] Moving the markets Last week’s downtrend continued during the first trading session of May, as the Dow stumbled some 400 points early on, but a last hour rebound pulled the major indexes out of the doldrums and back into the green. The S&P 500 fell to new lows for the year, which is viewed as a …
A Dead-Cat Bounce Loses Its Bounce—Twice
[Chart courtesy of MarketWatch.com] Moving the markets Despite dip buyers stepping in this morning, to take advantage of lower prices caused by yesterday’s drubbing, the effort peaked mid-day, after which the selling resumed with the major indexes ending up only a tad above their respective unchanged lines. The Nasdaq has now dropped some 12% in April, which is its worst …
The Puke-A-Thon Continues
[Chart courtesy of MarketWatch.com] Moving the markets The Nasdaq sustained its recent weakness and plunged some 4% in part due to increasing anxiety ahead of the quarterly earnings reports from the big players like Microsoft and Alphabet (Google) due out this afternoon. The recent Netflix blow-up is still on every trader’s mind. However, today’s weakness was also assisted by the …
Fighting Back…And Succeeding
[Chart courtesy of MarketWatch.com] Moving the markets Another early sell off pulled the Dow down by some 400 points, as a one-two punch hit the US markets. Global fears about an economic slowdown loomed large, leading to a slump in Chinese stocks, which pulled energy, commodities, and precious metals off their recent highs—along with all US equities. As a result, …
Signs Of Lethargy
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow continued to pump all day, the other two major indexes did not find a driver to participate in the ramp-a-thon and ended the session in the red. The S&P 500 closed just about unchanged while the Nasdaq surrendered 1.22%. The Nasdaq had been struggling all day, which was the result …
Boosted By Earnings
[Chart courtesy of MarketWatch.com] Moving the markets Today was comeback day with the S&P 500, after having fallen for two straight weeks, finally receiving a boost, along with the other major indexes, to end the session in the green. The Nasdaq led the charge with a gain of over 2%. Some analysts contributed this bounce to sentiment and positioning as …