Category Archive

[Chart courtesy of MarketWatch.com] Moving the markets Except for yesterday, we have seen the pattern of an early bump getting pounded in the afternoon during all last week. While Monday instilled some confidence in traders’ minds that the bullish meme is still alive, that mantra was smashed today with the major indexes spending most of the session below their respective …

[Chart courtesy of MarketWatch.com] Moving the markets For a change, an early rally maintained its momentum throughout the session, despite a temporary mid-day pullback, with two of the three major indexes finally eking out a gain, following five days of losses. The Nasdaq trailed and closed slightly in the red, after dancing around its unchanged line all day. Small Caps …

[Chart courtesy of MarketWatch.com] Moving the markets It was a third day in a row of red numbers for the Dow and S&P 500 with the indicators meandering and looking for a base to support the bullish theme. While the three major indexes bounced off the lows for the day, it was not enough to instill confidence in the bears …

[Chart courtesy of MarketWatch.com] Moving the markets The same old anxieties were moved to the front burner again, namely what the delta variant’s impact might be on the economic reopening. At least that’s the headline news, but looking under the hood for the real reason, it appears to me the fact that 7 million people lost their extra unemployment benefits …

[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to close the notoriously slow month of August on a whimper, but unscathed and with bullish momentum intact. It was a day of churning with the S&P 500 touching a new intraday high but then fading below its unchanged line. For the month, all three of them came out …