[Chart courtesy of MarketWatch.com] Moving the markets A sharp early morning drop sent the major indexes reeling before buyers stepped in and pulled the Nasdaq and S&P 500 back out of the basement and into a green close. The laggard was the Dow, because of Boeing’s production cuts, which left the index in the red. Not helping the markets were …
Uncertainty Reigns Ahead Of Jobs Report
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes, except for the Nasdaq, were able to keep the bullish theme alive with the S&P 500 vacillating around its unchanged line before making a final spurt above it to close in the green. The Dow never dipped into the red and was engaged in a steady uptrend, while the Nasdaq …
The Wednesday Shrug: Dismal Data Don’t Matter
[Chart courtesy of MarketWatch.com] Moving the markets The U.S.-China trade deal carrot, which has been dangled over the markets on many occasions in order to elicit a bullish response, moved to center stage again, as reports surfaced that a deal was 90% done. Of course, as we’ve seen in the past, there were no definitive announcements, but merely hope that …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets After rallying the past four trading days, it was time to take a breather with the major indexes traveling aimlessly around their respective trend lines. The S&P 500 closed unchanged, the Dow dropped -0.30%, while the Nasdaq managed to squeeze out +0.25%. Bonds were on the mend with the 10-year yield dropping backing …
Starting The 2nd Quarter With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets After closing out March on a positive note, April started with a bang, as the major indexes sported gains above 1%. The only fly in the ointment was a sharp spike in interest rates with the 10-bond shooting up almost 11 basis points to close at 2.5%, which kept the conservative ETFs in …
Trade Hope Keeps The Bullish Theme Alive
[Chart courtesy of MarketWatch.com] Moving the markets An early bounce gave way to selling with the S&P 500 touching its hard fought 2,800 level, before bullish sentiment prevailed and pulled all 3 major indexes out of the doldrums and into a green close. Nevertheless, it was a choppy session with support coming from the dangling trade carrot which, on many …