[Chart courtesy of MarketWatch.com] Moving the markets All good things must end eventually. That was the case today, as the 4-day win streak was snapped with the major indexes slipping modestly ahead of the Labor Day weekend. Sure, after scoring repeated record highs, a pause was in order, but at mid-day other factors contributed to the sudden downside acceleration. Abruptly, …
Bulls Clearly In Charge
[Chart courtesy of MarketWatch.com] Moving the markets And the beat goes on. At least for the moment, the major indexes act like a run-away train with nothing being able to stop it. The S&P 500 and Nasdaq are continuing to rip higher and scored a 4th straight record close while the Dow finished at its highest point since February. Helping …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets It comes as no surprise that, after yesterday’s strong run-up, the major indexes took a bit of a breather, however, they still managed to close in the green, despite dipping below the unchanged line several times during the session. So far, it looks that this month may turn out to be the second-best …
Equities Shift Into Overdrive
[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 …