[Chart courtesy of MarketWatch.com] Moving the markets With the Dow having lost about 950 points over the past 2 days, it was time for the major indexes to bounce back, at least for one session, in order to recapture some of the ugly losses. That attempt turned into a head fake as, late in the day, momentum reversed with the …
Ugly Losses Continue With Apple Getting Spanked
[Chart courtesy of MarketWatch.com] Moving the markets If you had expected a bounce after yesterday’s drubbing, you would have been wrong. This morning’s opening happened deeply in the red with the Dow being down some 600 points, a level from which it rebounded only to visit the -640 level later in the session. While the major indexes managed to crawl …
Bearish Thoughts
[Chart courtesy of MarketWatch.com] Moving the markets Over the weekend, I read a couple of articles outlining the ongoing progress, or rather lack thereof, with the China trade talks, which took on a new dimension during the Asia-Pacific Economic Cooperation (APEC) summit. We’ve witnessed Trump and Xi go at it for several months now, but VP Pence decided more was …
A Drop And Pop Kind Of Session
[Chart courtesy of MarketWatch.com] Moving the markets Equities headed south in early trading, which was the validation confirming yesterday’s “Sell” signal for “broadly diversified domestic equity ETFs.” The markets dumped at first then see-sawed higher in what can be considered a drop, pop, drop and pop kind of session, during which all 3 major indexes ended in the green for …
A Hopeful Opening Bounce Dies
[Chart courtesy of MarketWatch.com] Moving the markets For a while it looked like the opening bounce had some starch in it, but that hope dissipated in the hurry, when a mid-day dive gave the bears the upper hand and south went with the Dow being down -250 points at one time. A late afternoon levitation gave the bulls some hope …
Treading Water; Oil Gets Bashed
[Chart courtesy of MarketWatch.com] Moving the markets Despite several attempts to pull the major markets out of yesterday’s hole, the efforts failed with the Dow and S&P 500 sinking moderately while the Nasdaq ended the session unchanged. Not helping matters was the fact that oil prices tumbled -8.11% and ended up barely hanging on to the 55-handle after having now …