[Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering best describes today’s early part of the session, during which the major indexes, except for the Dow, hovered around their respective unchanged lines. A sudden mid-day pump not only pushed the two indexes into the green but also to a new record close. The Dow was weighed down, as poor profit …
Battling For Direction As Earnings Season Heats Up
[Chart courtesy of MarketWatch.com] Moving the markets It was a session during which the major indexes predominantly hugged their respective unchanged lines without showing much directional preference. The exception was the Nasdaq, which benefited from strength of big-tech companies, despite the number of declining stocks outnumbering the advancing ones. That means, the drive higher was the result of the more …
Early Sell-Off—Late Day Recovery
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday, the markets closed on a sour note by scoring their lows for session in the final seconds of trading. That usually does not bode well for the next day’s opening, and today was no exception. The major indexes slipped early on but managed to rebound by mid-day with fresh upward momentum pushing …
The Fizzle Continues
[Chart courtesy of MarketWatch.com] Moving the markets There was not much motivation on the part of the bulls to engage and keep this market from fizzling. The big three, namely lack of progress on the trade dispute with China, mixed earnings results and weak headlines for economic numbers, combined to create a lackluster session. In other words, the recently observed …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between news stories that kept traders on edge with some headlines causing a sell-off, others creating a recovery, but in the end, the major indexes closed in the red. We didn’t see the usual last 30-minute rebound due to Trump’s comments that “trade has a long way to go,” …
Markets Under Pressure; Earnings Season On Deck
[Chart courtesy of MarketWatch.com] Moving the markets Throughout today’s session, equities were under pressure due to the looming earning season. Traders were a bit anxious to find out if some of the poor economic data points of the last quarter, or the U.S.-China trade war, are having an impact on companies’ bottom lines. The major indexes spent most of the …