[Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow eking out a modest gain, the markets were lacking enthusiasm, which spread to our favorite ETFs as well. Small- and MidCaps were down along with the Nasdaq and gold. There simply was no place to hide, as the widely held Bond ETF TLT got slammed -1.57% and took out a …
Stuck In Neutral
[Chart courtesy of MarketWatch.com] Moving the markets This session turned out to be very similar to the last two, with the major indexes looking for direction but ending up getting stuck in a sideways pattern with not much won and not much lost. The S&P 500 and Nasdaq eked out some small gains while the Dow slipped a tad into …
Riding The Range
[Chart courtesy of MarketWatch.com] Moving the markets Up—down—sideways—up, and down pretty much describes the journey the major indexes took today with the result being an unchanged outcome. However, the Dow squeezed out a tiny gain of +0.20%, but that move was sufficient for the index to eke out another record closing high. Not even SmallCaps, the winner YTD, were able …
Taking A Time Out
[Chart courtesy of MarketWatch.com] Moving the markets After the relentless march higher over the past 6 trading days, it was time for a pause. That is exactly what we saw today, as the major indexes dropped early on, recovered, and then hung around their respective unchanged lines. Only the Nasdaq was able to eke out a green close, albeit a …
Ramping Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets While spending the day in the green, the major indexes vacillated but managed to find more upward momentum during the last hour of the session and ramped into the close. The gains were solid with the Nasdaq leading the pack with +0.95%, yet it was outperformed by SmallCaps (IWO), showing again who the …
Regaining Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets With the benefit of hindsight, yesterday’s stagnant session turned out to be the springboard for today’s advances, during which all three major indexes scored solid gains of more than 1%. Despite last month’s stumble, the S&P 500 has come back with a vengeance and has now scored its 4th positive day in a …