[Chart courtesy of MarketWatch.com] Moving the markets An early bounce, which looks to have been of the dead-cat nature, lost momentum, first slowly and then quickly. The major indexes ended up diving into the close and scoring their low of the day as the final bell rang—not a good omen for tomorrow’s opening. Early in the session, we saw some …
Markets In Grieving Stage — Major Indexes Take A Hit
[Chart courtesy of MarketWatch.com] Moving the markets There was nothing for the computer algos to be optimistic about, as far as uplifting news headlines was concerned. There simply weren’t any, and the Dow started the session with a 400-point drop and ended up below its 200-day M/A for the first time since the beginning of the year. Even a hint …
Diving Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s strong rebound, the markets opened on a weak note with the major indexes spending the entire session below their respective unchanged lines trying to find some footing. Not helping matters early on was a worsening of trade relations with China, which to me has now morphed into an all-out trade war, …
Walking Back The Tough Talk — Markets Stage Comeback
[Chart courtesy of MarketWatch.com] Moving the markets The White House walked back some of its tough talk last night by announcing that they are offering some temporary exceptions to export limitations against China’s Huawei Technologies. While the mudslinging continued, it was enough of a conciliatory gesture to soothe the anxiety among Wall Street traders, which had been focusing on pressing …
Trade Tensions Heat Up — Markets Head Down
[Chart courtesy of MarketWatch.com] Moving the markets The trade war rhetoric between the U.S. and China heated up over the weekend, with both sides threatening a variety of consequences. The major indexes headed south with the Nasdaq taking the brunt of the losses. Chipmakers took it on the chin, as U.S. tech companies, in compliance with White House requests, have …
Notching A Third Day Of Gains
[Chart courtesy of MarketWatch.com] Moving the markets A third day of gains kept the bulls in charge with the major indexes ending up solidly in the green, as it turned out that a worsening global trade picture is now considered a good thing for equities. Go figure… To be fair, an early assist came from a couple of blue-chip stocks, …