[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 …
Treading Water
[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 …