[Chart courtesy of MarketWatch.com] Moving the markets The markets shifted into overdrive supported by nothing more than news of a tentative deal that would keep the government from being shut down for the second time this year. Of course, as we all know, Trump’s border wall funding, or rather lack thereof, had been a stinging point between Republicans and Democrats. …
Stuck In No Man’s Land
[Chart courtesy of MarketWatch.com] Moving the markets It was choppy trading session with the major indexes hugging their respective trend lines throughout the day. Neither big dips nor strong rallies were to be seen anywhere, as momentum in either direction was conspicuously absent. Part of this uncertainty may have been caused by a winding down of the earnings season and …
Global Growth Fears Stop Bullish Momentum
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the major indexes took a dive as a cocktail of global risks kept traders occupied. The usual suspects, namely U.S.-China trade tensions, the U.K Brexit and a sharp slowdown in Chinese growth, combined to put the bulls on notice that all may not be well with this world …
Equities Under Pressure
[Chart courtesy of MarketWatch.com] Moving the markets I guess nothing can ever really satisfy the traders/algos on Wall Street, who constantly need to be fed a fresh dose of stimulus in order to maintain the bullish mood. Apparently, it’s not enough that the Fed threw in the towel by doing a U-turn with their interest rate policy and in the …
A Whip-Saw Day But Bull Trend Strengthens
[Chart courtesy of MarketWatch.com] Moving the markets One look at the chart tells the story. An early rebound failed miserably with the S&P 500 dipping back into the red, then recovering and closing at the early high of the session. All eyes are now on the 200-day M/A, which today acted as overhead resistance. At 2,742 we are only some …
Tech Leads The Way And Posts Solid Gains
[Chart courtesy of MarketWatch.com] Moving the markets Despite a slow start, the major indexes picked up some steam and closed higher with technology leading the charge as the Nasdaq added +1.15%. Assisting the advance was a positive view of Alphabet’s (Google) upcoming quarterly report card and another round of earnings by some 97 members of the S&P 500. The markets …