[Chart courtesy of MarketWatch.com] Moving the markets The major indexes continued where they left off on the last day of 2019 and roared into 2020 with utter abundance, with all three of them gaining solidly. The entire session was supported by the bullish theme of last year, and we ended up accelerating into the close, although SmallCaps underperformed. A big …
Ending The Year On An Upbeat Note
[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes hovering below their respective unchanged lines for most of the session, a last hour boost pushed them back into the green, thereby closing the last trading day of the year on a positive note. Low volume and profit taking by traders had equities in the red, until a slow …
Taking A Dive
[Chart courtesy of MarketWatch.com] Moving the markets For the first time in some 4 weeks, equity markets took a dive right at the opening and, despite a valiant attempt to rebound back to the various unchanged lines, they stalled and slid into the close. However, given the relentless move higher over the recent past, today’s pullback is hardly worth mentioning, …
Crawling Higher
[Chart courtesy of MarketWatch.com] Moving the markets The Dow was the beneficiary of today’s news that Boeing’s CEO has “resigned” and was replaced by its current Chairman. This contributed at least 50 points to initial 100-point surge. The major indexes crept into new record territory also supported by news that China intends cut its tariffs for pork, pharmaceuticals and some …
Up, Up And Away…
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes set new closing records, unimpressed by the ongoing impeachment saga, the result of which has been simply brushed aside. Market concerns are virtually non-existent, since the Republican-controlled Senate will be the final judge with expectations being that they will vote against having Trump removed from office. In other words, from …
Taking An Intra-Day Stroll In Record Territory
[Chart courtesy of MarketWatch.com] Moving the markets The markets started this Wednesday by inching higher with traders looking to keep a 5-day winning streak alive. Supporting this optimism was the firm belief that the preliminary US-China trade agreement was a done deal, despite some nervousness as to when it would be signed. However, the lack of news to the contrary, …