[Chart courtesy of MarketWatch.com] Moving the markets The markets dumped right after the opening as concerns about the economic recovery losing steam went mainstream. No surprise here, as I had mentioned that issue in recent posts and more evidence surfaced this morning. Losses accelerated as Japan declared a state of emergency in Tokyo for the upcoming Olympics, and other …
Diving And Thriving
[Chart courtesy of MarketWatch.com] Moving the markets An initial bounce hit a brick wall and turned into a sudden dive with early gains being eradicated in a hurry. But, as we’ve seen many times before, a late morning rally pulled the major indexes out of a deep hole and pushed them back into the green with the Nasdaq lagging and …
Losing Altitude
[Chart courtesy of MarketWatch.com] Moving the markets The bullish move into July hit a brick wall this Tuesday, as some sense of reality set in, namely that all good things must come to an end, such as the S&P’s 7-day winning streak, even if only on a temporary basis. Such was the case today, as the major indexes took a …
Maintaining Bullish Momentum
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes continued to vacillate around record territory, as the last day of the month and quarter ended. The Dow took the lead with the S&P 500 lagging and the Nasdaq sinking slightly into the red. For June, the S&P 500 managed to eke out again of some 2.2%, despite having …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early morning bounce, the Dow and the S&P 500 succumbed to weakness and gave back most of their initial gains and ended essentially unchanged. The Nasdaq went the other way but managed to climb out of a hole to score a modest gain, after swinging wildly late in the session. It …
Fighting For Leadership
[Chart courtesy of MarketWatch.com] Moving the markets The overall market struggled for direction except for the Nasdaq, which started the week strong and pushed the index to another all-time high. The tech sector dominated with Facebook contributing via a 4% jump, after a US court dismissed an antitrust suit against the company. Semiconductors also showed signs of life, while Boeing …