[Chart courtesy of MarketWatch.com] Moving the markets After an early rally, the major indexes spent the remainder of the session struggling to maintain their gains but were not able to with prices slipping and the Nasdaq dipping into the red. However, the Dow and S&P 500 were able to advance modestly. Better-than-expected Initial Jobless Claims provided the ammunition for the …
Clinging To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early bounce, much of the gains were given back during the session with only the Nasdaq staying solidly in the green, while the other two major indexes clung to their respective unchanged lines. The theme remained the same as those stocks, which are closely connected to the economic reopening, benefitted the …
Signs Of Fatigue
[Chart courtesy of MarketWatch.com] Moving the markets An early rally bit the dust, with the major indexes not being able to sustain the initial bullish momentum. The losses were small, less than 0.25%, and the Nasdaq ended just about unchanged. Amazon came under pressure after a DC attorney launching a lawsuit on antitrust grounds, which, by affiliation, affected the entire …
Recapturing Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the bulls took charge, after having lost the momentum battle last week, with the major indexes climbing solidly led by the embattled tech sector. Positive news about the continued economic reopening provided the ammunition for the Nasdaq to advance solidly after the recent spanking. Throughout the session, there …
Cautiously Advancing
[Chart courtesy of MarketWatch.com] Moving the markets After three days of losses, the major indexes found some footing which, despite some ups and downs, provided enough upward momentum to ensure a green close. For a change, the Nasdaq led the way with a solid, yet long overdue rebound of 1.77%. On the economic front, we learned that first-time claims for …
Bulls Hand Baton To The Bears
[Chart courtesy of MarketWatch.com] Moving the markets Following yesterday’s plunge into the close, the bulls found no reason to support the major indexes at the opening today, as they handed the baton to the bears. Despite dip buyers stepping up to the plate late in the day, there was simply not enough motivation present to drive the indexes back into …