[Chart courtesy of MarketWatch.com] Moving the markets Even though the S&P 500 closed in the green for its third straight day, upward momentum took a breather with the Nasdaq slipping slightly into the red. An early bounce faded below the unchanged line, but afternoon buying perked up the indexes, however, traders did not show much enthusiasm and tried to digest …
Major Indexes Pop
[Chart courtesy of MarketWatch.com] Moving the markets Traders felt a little more at ease this morning, as the GameStop trading slugfest continued to reverse course, at least for the time being. This formed the base for an enthusiastic pop in the markets with the Dow sporting a 600-point gain during the session. While the ramp lost some momentum into the …
Recovering From The Selloff
[Chart courtesy of MarketWatch.com] Moving the markets After stumbling during the last week of January, and a weak overnight session in the futures markets, the major indexes shook off whatever ailed them and opened solidly to the upside. An early dip towards the unchanged line was quickly recovered, and up we went during the remainder of the session. Taking the …
Dropping And Not Popping
[Chart courtesy of MarketWatch.com] Moving the markets Even though the futures markets benefited for a little while from Microsoft’s blow-out earnings yesterday, that positive sentiment did not last long with the major indexes plunging right at the opening of the regular session. A few factors came into play and contributed to today’s plunge: The markets melted up over the past …
Clinging To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets The direction the futures markets take is not always an indication as to what will happen during the regular trading session. Such was the case last night, with the major indexes were down some -0.5%, but they opened in the green yet ended up meandering aimlessly all day. Even Nasdaq trading was subdued …
Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets One look at the above chart tells you that an early excursion above the unchanged line came to a sudden halt, when the bottom dropped out with the major indexes doing their best imitation of a swan dive. Even the Nasdaq, up early by +1.3% lost it all, crashed into the red, but …