[Chart courtesy of MarketWatch.com] Moving the markets An early drop below the unchanged lines had the major indexes on the defensive right after the opening bell. After Friday’s decent start to the earning season, Goldman Sachs and Citi Group underwhelmed with their report cards. With these two institutions being banking powerhouses, investors were disappointed as those two were expected to …
S&P 500 Flirts With 2,900 Level
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 came within a few points of touching its 2,900 level, but lack of follow through momentum pulled the major indexes off the highs and below the unchanged lines before a rebound limited the damage. The retreat occurred as uneasiness prevailed amongst traders in view of the upcoming earnings season, which …
Drifting Higher
[Chart courtesy of MarketWatch.com] Moving the markets Investors were all over the released March Fed minutes trying to gain some insight as to why the Fed decided to give up on normalizing their monetary policy. Recall that last month the Fed abandoned plans for further rate increases in 2019 due to uncertainty over the lack of growth not just in …
Digging A Hole And Staying In It
[Chart courtesy of MarketWatch.com] Moving the markets For a while, the markets looked like attempting to repeat yesterday’s feat, namely that an opening dump would be followed by a slow and steady recovery back above the unchanged line. However, mid-day the developing rebound hit a brick wall, reversed, and south we went taking out the early morning lows. Causing this …
Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets A sharp early morning drop sent the major indexes reeling before buyers stepped in and pulled the Nasdaq and S&P 500 back out of the basement and into a green close. The laggard was the Dow, because of Boeing’s production cuts, which left the index in the red. Not helping the markets were …
Uncertainty Reigns Ahead Of Jobs Report
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes, except for the Nasdaq, were able to keep the bullish theme alive with the S&P 500 vacillating around its unchanged line before making a final spurt above it to close in the green. The Dow never dipped into the red and was engaged in a steady uptrend, while the Nasdaq …