[Chart courtesy of MarketWatch.com] Moving the markets The major indexes recovered from an early slide, headed higher and touched new records, when news of trouble in the US-China deal put an end to the bullish theme and south we went. Despite all efforts of regaining lost territory, the S&P and Nasdaq ended up moderately in the red, while the Dow …
Touching New Records
[Chart courtesy of MarketWatch.com] Moving the markets The bullish mood continued with the S&P and Nasdaq setting new records, while the Dow briefly crossed its 29k marker but backed off later in the session. Supporting the ramp higher was news that the U.S. no longer plans on designating China a currency manipulator, which is mainly a symbolic designation but was …
And The Bullish Beat Goes On
[Chart courtesy of MarketWatch.com] Moving the markets After the opening bell, the major indexes continued their attack into record territory, as the attention moved from Iran to the latest in the U.S.-China trade agreement. It appeared that the tensions in the Middle East eased somewhat, as the war rhetoric seemed to have slowed down, or at least has been put …
Climbing A Wall Of Worry—And Setting New Records
[Chart courtesy of MarketWatch.com] Moving the markets Despite a sharp sell-off overnight in the futures market, which pulled the Dow down some 400 points, the negative mood had completely changed by the time regular session bell rang. We opened slightly higher with upward momentum gaining steam, after remarks by Trump suggested that the U.S. and the Iranian were refraining from …
Middle East Concerns Remain Front And Center
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes opened lower and bobbed and weaved below their respective unchanged lines through the entire session, with only the Nasdaq spending some time above it, but it did not manage to hold on to early gains. For sure, the ongoing concerns about a potential war in the Middle East have kept …
Bouncing Off The Lows
[Chart courtesy of MarketWatch.com] Moving the markets Despite the escalating tensions in the Middle East, the markets appeared to be looking past the beating of the war drums and dug themselves out of an early hole. The initial dump did not hold, and a slow but steady ascent towards the unchanged line was followed by a late burst to assure …