[Chart courtesy of MarketWatch.com] Moving the markets The bouncing below the unchanged lines went on throughout the session with the major indexes having a hard time seeing green, with only the S&P 500 and Dow briefly peeking into positive territory. The cause for this lack of upward momentum turned out to be usual culprit, namely the latest trade reports casting …
Slumping And Pumping
[Chart courtesy of MarketWatch.com] Moving the markets It was another trading day during which uncertainty ruled. The major indexes survived an early sell-off and bounced back only to be slammed back down below their respective unchanged lines. Give credit to the mid-day slam to a US-China trade problem, caused by reports that that a snag was hit over farm purchases. …
Shifting In Reverse; An Early Rally Peters Out
[Chart courtesy of MarketWatch.com] Moving the markets An early rally petered out, as the S&P 500 briefly surpassed another milestone, namely the 3,100 level, and then faded towards its unchanged line. The move was based on nothing but hope that Trump would later, during a scheduled speech, elaborate about the China trade deal. Focused on that target, and that good …
Stalling… But Not Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets Not just US futures, but global markets as well, hit the skids early on, a sight which we have not seen in some 5 weeks, as the markets have been on a tear ever since dumping during the first 2 days of October. The two catalysts for the early thrashing was simply lack …
Optimistic Trade News Stokes Equities
[Chart courtesy of MarketWatch.com] Moving the markets With the earnings season fading away, the US-China trade disagreement moved to center stage again, with positive statements stoking the markets and continuing the relentless push higher. This happened again in the face of sharply rising bond yields with the 10-year jumping an amazing 10.57 basis points to end the day at 1.92%. …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets Ever since we had 2 down days at the beginning of October, equities have been on a relentless march higher (green arrow in chart) with virtually no interruption. Despite the Fed’s efforts to lower interest rates, this rally happened in the face of rising bond yields, an event that usually takes the starch …