[Chart courtesy of MarketWatch.com] Moving the markets While equities and gold usually diverge, today both gained, but the precious metal put on a superior performance with GLD adding +1.22% vs. the S&P 500s meager +0.17%. After the Nasdaq’s outstanding outing yesterday, the tech sector was due for a time out, and the index surrendered -0.81%. Market sentiment was cheerful after …
The Nasdaq Rules
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the Nasdaq took over and lead the major indexes via a steady ramp to a green close. The Dow barely closed to the upside, while the S&P 500 showed a decent increase, but that one paled compared to the tech sector’s chest pounding 2.51% surge. Much of this …
Chopping And Flopping
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s hard-fought gains vanished in a hurry with bearish sentiment taking over by pulling the major indexes off their lofty levels right after the opening bell. We ended up off the lows but still in the red. Contributing to the drop were mixed corporate earnings and questionable econ data, as well as an …
Bouncing Higher In Choppy Trading
[Chart courtesy of MarketWatch.com] Moving the markets An early ramp ran into resistance with the major indexes pulling back sharply, and the Nasdaq dipping into the red, but a mid-session bounce pulled stocks out of the doldrums and into a green close. Today’s session was a lot choppier than yesterday’s rebound. Supporting the continued bullishness was the Fed’s account of …
Climbing Out Of A Deep Hole
[Chart courtesy of MarketWatch.com] Moving the markets While all three major indexes raced ahead and closed with solid gains, it was the Nasdaq, and to a lesser degree the S&P 500, which had to dig themselves out of a deep hole early in the session, as red numbers dominated. The late day pump came from none other than Fed Governor …
Markets Roll Over—Nasdaq Leads The Tumble
[Chart courtesy of MarketWatch.com] Moving the markets The bullish train kept on moving throughout the early part of the session, when suddenly the wheels came off, and the major indexes engaged in a swan dive, which was led in magnitude by none other than the Nasdaq. Of course, the tech sector has been on a relentless ramp since the March …