[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 …
SCOTUS Rules Against POTUS—Markets Pull Back
[Chart courtesy of MarketWatch.com] Moving the markets An early bump in the tech sector gave way to selling, as the bears took charge of today’s session early on. Increasing coronavirus cases in Florida, Texas and California added to Wall Street’s woes with even the Nasdaq temporarily succumbing to red numbers, albeit at a lesser degree than the other major indexes. …
Popping, Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets Another roller coaster day saw the major indexes fluctuate wildly with an initial rally being wiped out, which pushed the Dow and S&P 500 briefly in the red. The Nasdaq managed to stay in the green and then ripped to new intra-day highs late in the session, as all indexes joined in the …
Shifting In Reverse; An Early Rally Skids
[Chart courtesy of MarketWatch.com] Moving the markets An early one-sided rally, dominated by the Nasdaq, lost momentum with all 3 major indexes hitting the skids and closing lower. The Nasdaq held up the best, while the Dow fared the harshest, but all closed at their worst levels of the session. Saving the day was gold, which not only reclaimed its …