[Chart courtesy of MarketWatch.com] Moving the markets The 4-day winning streak for US equities came to a sudden halt this morning with the major indexes taking a steep dive, as trade-war jitters returned to front-and-center with Trump announcing new tariffs on Chinese goods. After days of calm, which allowed the stock markets to make a nice run, reality set in …
Continuing The Bullish Theme
[Chart courtesy of MarketWatch.com] Moving the markets The bullish mood continued with the Dow and the S&P 500 making solid gains, while the Nasdaq lagged and barely stayed above the unchanged line. The Dow had its best win streak in the past 30 days, while the S&P 500 was homing in on a new 5-month high. However, when looking at …
Bulls In Charge
[Chart courtesy of MarketWatch.com] Moving the markets The bulls were clearly in charge with the major indexes jumping right after the opening bell and remaining solidly above the unchanged line. The Dow shook off some of its recent weakness by scoring a triple digit gain and notching a third straight winning session, which put it back to slightly positive (+0.2%) …
Markets Pump In The Face Of A Hawkish Fed
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes whipsawed throughout the session, however, all action happened above the unchanged line with the tech sector having its best session in over a month. Helping the positive mood were reports indicating an easing of trade tensions with especially Germany’s car sector enjoying a nice rebound after one newspaper published an …
Going Backwards—AKA Pump And Dump
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s late recovery rally continued this morning, but suddenly died, as momentum reversed, which sent the major indexes diving into the red. Weakness in tech and financials eclipsed positive moves in the telecom, energy and real estate sectors. Contributing to the tech sectors downward swing was Micron Technology, which appears to have been …
Escalating Trade Tensions—Markets Recover
[Chart courtesy of MarketWatch.com] Moving the markets It was weak start to the 3rd quarter with the major indexes diving right after the opening bell, with the old stand-by, namely escalating trade tension, being the culprit and weighing on sentiment. Despite this negative influence, a mid-day recovery, on the back of a rally in technology, turned things around and early …