[Chart courtesy of MarketWatch.com] Moving the markets Another slow start followed by a bounce back, which had legs for a change, gave the major indexes a victory session, although a modest one. Whether this was just another dead-cat bounce remains to be seen, but bullish momentum was not overwhelming thereby confirming our Domestic “Sell” signal affecting “broadly diversified international equity …
From Feast To Famine: A Dead-Cat Bounce Dies
[Chart courtesy of MarketWatch.com] Moving the markets Follow through momentum from yesterday’s modest rebound ran into a brick wall mid-day, the bears took over and down we went with the major indexes diving decisively into the red and closing at the lowest level of June. It sure looked like an early dead-cat bounce died suddenly and selling accelerated, as sentiment …
Trade Uncertainty Remains; Indexes Rebound Modestly
[Chart courtesy of MarketWatch.com] Moving the markets After Monday’s brutal sell-off, the major indexes managed to halt the bearish momentum by staging a modest rebound that peaked mid-day and then faded into the close. However, we ended the day with modest gains as cautious sentiment over trade policy remained on traders’ minds. To me, the session had the feel of …
More Trade Threats Rattle Markets; International TTI Moves Into Bear Market Territory
[Chart courtesy of MarketWatch.com] Moving the markets The trade war rhetoric continued unabated with the Chinese President now vowing that “no more turning the other cheek” was the new mantra. Equity markets finally got the hint that many things could change for the worse when it comes to global trading, and that there may be more losers than winners, contrary …
More Trade Gloom Equals Doom For The Markets; International TTI Goes Negative
[Chart courtesy of MarketWatch.com] Moving the markets It appears that finally the U.S. equity markets got the message that not all is well with the world, as the gloomy trade news and a host of other events combined forces to not only push the major indexes below the unchanged line right after the opening bell, but also keep them there …
Nasdaq Sets Record—Dow Loses For The 7th Day
[Chart courtesy of MarketWatch.com] Moving the markets The market’s divergence continues with the Dow struggling and notching its 7th straight losing day, which is its longest streak since early 2017. In contrast, the Nasdaq continued to blast higher, along with SmallCaps, seemingly not yet negatively affected by the worsening trade battle between the U.S. and China but instead receiving a …