[Chart courtesy of MarketWatch.com] Moving the markets The mood today was up, up, and away with hardly any intra-day corrections. An early jump set the major indexes on track for smooth sailing throughout the session with all of them ending in record territory. Traders decided that after the roller coaster ride of the past few days, and the political tug-of-war …
Maintaining The Bullish Theme
[Chart courtesy of MarketWatch.com] Moving the markets Following the Georgia run-off elections, which are favoring the Democrats, the markets were in a split mode with bond yields and SmallCaps surging, even though the US Dollar and the tech sector were stumbling. Gold did its best imitation of a swan dive and gave up its YTD gains. It’s widely assumed that, …
Finding Support
[Chart courtesy of MarketWatch.com] Moving the markets Even though the futures markets were mired in uncertainty and failed to rebound from Monday’s collapse, it was a different story once the cash markets opened. The major indexes found some footing, dipped mid-day, but then staged a rebound that ended up in a green close. As posted yesterday, the looming Georgia runoffs …
Welcoming 2021 With A Pump And Dump
[Chart courtesy of MarketWatch.com] Moving the markets After touching new all-time highs (Dow and S&P) shortly after the opening, the bullish euphoria vanished in a hurry and made room for the bears to do some chest pounding for a change with the Dow down over 700 points at its worst level. However, given the strong advances last month, this sell-off …
Lackluster Meandering
[Chart courtesy of MarketWatch.com] Moving the markets Again, the futures pointed to a positive beginning in the cash markets, and that’s exactly how it opened. While the major indexes spiked early on, they faded throughout the session but managed to close in the green, though by a only small margin. After the drubbing of the past couple of days, SmallCaps …
Wandering Lower
[Chart courtesy of MarketWatch.com] Moving the markets Despite the futures spiking into record territory, and the cash markets following suit at the opening, the major indexes ended up sliding lower, chopped around their respective trendlines, but fell short in their attempt to rebound into the green. Taking the starch out of the early dash was the continued battle over the …