[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s divergence continued with bond yields spiking once more while the markets rallied, although the advance was mixed at best. While the Dow sprinted ahead by over 200 points intraday, the S&P barely held on to the unchanged line, while the Nasdaq hovered below it but managed some damage control towards the end …
Refueling The Bullish Gas Tank
[Chart courtesy of MarketWatch.com] Moving the markets Just as quickly as trade war headlines pulled the markets off their lofty highs yesterday, negative sentiment reversed with the bulls refueling their gas tank and pushing the major indexes higher right after the opening bell. It appears that global investors are favoring the US markets due to continued optimism about the outlook …
Markets Sink As Tech Gets Wrecked
[Chart courtesy of MarketWatch.com] Moving the markets The tariff dispute with China intensified pulling the major indexes off their recent highs, as the tech sector got hammered with the Nasdaq dropping -1.43%, its worst day since late July. The sudden re-appearance of the US/China trade battles rattled Wall Street, although the unveiling of the $200 billion in tariffs on Chinese …
Bulls Dominate For Fourth Straight Day
[Chart courtesy of MarketWatch.com] Moving the markets The bulls dominated again and pushed the major indexes higher with the S&P 500 scoring its fourth straight win. Yesterday’s laggard turned into today’s leader, as the tech sector picked up steam with the Nasdaq adding +0.75%, after spiking during the last few minutes of the session. Helping set the bullish tone were …
Hanging On To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s rebound, the major indexes struggled to crawl above their respective unchanged lines after a weak start to the session. The Dow and S&P 500 succeeded, while the Nasdaq lagged and closed slightly in the red due to Apple’s struggles. Overall, it was simply a lackluster day with neither bulls nor bears …
Snapping A 4-Day Losing Streak
[Chart courtesy of MarketWatch.com] Moving the markets An early rally weakened mid-day with the Dow slipping back into the red, while the S&P 500 and Nasdaq showed more staying power and managed to end a 4-day losing streak, as the tech sector showed signs of life again. 9 of the 11 primary industry groups closed above the unchanged line making …