[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the major indexes see-sawed in and out of the red before, late in the day, cautious optimism prevailed insuring a green close. The gains were small, especially for the Nasdaq which barely crawled above the unchanged line. Despite the positive tone, SmallCaps (IWN) were not so lucky and …
Bouncing Back From Last Week’s Disaster
[Chart courtesy of MarketWatch.com] Moving the markets After last week’s drubbing, it came as no surprise that a rebound was in order. Closely watched was the retail sector with analysts trying to gain some perspective as to the shopping traffic leading into the Holiday season. The picture was mixed, and not conclusive, as in-story traffic fell as much as 9% …
A Hopeful Bounce Bites The Dust
[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 …