[Chart courtesy of MarketWatch.com] Moving the markets Despite an early struggle for direction, bullish momentum picked up with the major indexes notching another day of gains making this the third winning session in a row. The trade battles with China and Mexico continued unabated but mixed news was put simply on the back burner. Traders decided to put their focus …
Ramping Higher In The Face Of Plunging Oil Prices
[Chart courtesy of MarketWatch.com] Moving the markets Equities started the session in the positive, before a mid-day pullback interrupted follow through buying from yesterday. The pause was short-lived and, despite conflicting economic data, the bulls charged ahead with the major indexes closing around their session highs, despite yesterday’s short squeeze running out of ammo. ADP payroll data painted a bleak …
China And Fed Please Markets
[Chart courtesy of MarketWatch.com] Moving the markets A couple of positive developments combined forces to help the market crawl out of a hole and ramp higher after the miserable month of May. The major indexes gained above 2%. Getting things started right at the opening were these conciliatory words from China in regards to the recent trade war escalation: CHINA …
Tech Sector Gets Rattled
[Chart courtesy of MarketWatch.com] Moving the markets Tech stocks took a tumble and dragged the overall market down with some damage control setting in during the last 30 minutes of the session. Global tariff fears, along with reports that the Trump administration has launched a multi-pronged anti-trust battle against big tech due to possible anti-trust violations, created enough uncertainty to …
Selloff In Pause Mode
[Chart courtesy of MarketWatch.com] Moving the markets For a change, the markets opened slightly to the upside, before a slow and steady decline pulled the major indexes into the red, however, a last hour buying effort saved the day and we ended up modestly in the green. While the trade war battle continued in full swing, Wall Street traders apparently …
Dropping Below Critical Support—International TTI Signals ‘Sell’
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s market dive into the close had indeed dire consequences, as the major indexes opened down without their usual morning bump. The Dow at one time had given back some 400 points but managed to recoup some of these losses late in the session, as did the S&P 500 and Nasdaq. It was …