[Chart courtesy of MarketWatch.com] Moving the markets After the relentless buying of the past few weeks, a pause was in order, as I posted last Friday, and that’s what we got today. The markets opened to the downside and never recovered, despite an attempt during the last few trading minutes to minimize the day’s losses. Last week’s hype about a …
Following The Rumor
[Chart courtesy of MarketWatch.com] Moving the markets If markets appear stuck and non-directional, simply start a bullish rumor to get things moving again. Such was the case today when the major indexes, after hovering tightly around their unchanged lines for most of the session (weak bank earnings), took off and headed higher. The support came from a report alleging that …
Getting to Know The Real Market Catalyst
[Chart courtesy of MarketWatch.com] Moving the markets The Dow was leading today’s modest advance after having been the laggard yesterday. Some positive earnings from financial powerhouses Goldman Sachs and BofA gave the assist, while uncertainty over the partial government shut down was on traders’ minds but did not affect market direction. You may be wondering what the real catalyst was …
Netflix Boosts The Markets
[Chart courtesy of MarketWatch.com] Moving the markets Netflix was the major driver to get things started in the bullish direction and kept things alive throughout the session, despite earnings growth estimates having fallen recently to less than half the average growth for the first three quarters. However, that did not matter, what was most important was that Netflix’s price hike …
Global Growth Fears Keep Bullish Tendencies In Check
[Chart courtesy of MarketWatch.com] Moving the markets An early sharp drop gave way to a bounce throughout the session, but conviction was lacking in the face of ugly China trade data, and by association, more concerns again over a general global slowdown. Adding to the uncertainty was the beginning of earnings season, which many analysts view with some skepticism after …
A Wild Ride: Dump, Pump, Dump And Pump
[Chart courtesy of MarketWatch.com] Moving the markets It was another wild ride in the markets when, after an opening dump, dip-buyers (or was it the PPT?) stepped in and pushed the major indexes slowly but surely back above the unchanged line, when another dive pulled them back below it, before a second rebound shoved them into green for a fifth …