[Chart courtesy of MarketWatch.com] Moving the markets So much for the dog days of summer, as the S&P 500 and Nasdaq closed at record highs for the second day in a row powered by excitement over the new trade deal between the US and Mexico. The Dow successfully reclaimed the 26k level for the first time since February, while the …
Struggling For Direction
[Chart courtesy of MarketWatch.com] Moving the markets An early rally fizzled out mid-day with the major indexes suddenly tanking and closing modestly in the red. Today’s session had the feel of a typical summer day with volume disappearing causing the S&P sectors to trade lower and directionless. However, the object in focus that may impact markets tomorrow is the annual …
Treading Water As The 4-Day Win Streak Ends
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes hugged the unchanged line for most of the day but were not able to remain above it at closing. The exception was the Nasdaq, which managed to notch another positive session. The Dow’s and S&P’s pullbacks were modest and influenced by the Fed’s decision to maintain its hawkish stance. The …
Gathering Steam
[Chart courtesy of MarketWatch.com] Moving the markets The rally gathered steam and continued for the fourth straight day despite some weakness setting in towards the end of the session. I guess it was a case of the nerves not only due the S&P 500 notching an intra-day record but also gaining on the day when stocks tied the record for …
3rd Up Day In A Row
[Chart courtesy of MarketWatch.com] Moving the markets Sentiment was predominantly bullish with the major indexes scoring another winning session supported by a couple of billion-dollar mergers. At the same time, optimism reigned supreme that a solution will be found to bring the trade-tug-of-war between the US and China to a mutually acceptable conclusion. As the WSJ reported Friday, negotiators are …
Hope Of Trade Talk Resumptions Powers Markets
[Chart courtesy of MarketWatch.com] Moving the markets It didn’t take much to get the markets going after yesterday’s drubbing and the see-saw action we’ve seen over the past week. Strong earnings from Walmart and Cisco set the tone early on, and reports of a resumption of US/China trade talks next week provided the ammo to push the major indexes up …