[Chart courtesy of MarketWatch.com] Moving the markets At least for one day, the U.S./China trade war battles were moved to the back burner, as geopolitical tensions dominated headline news, after tweets from President Trump that a military strike in Syria might be a possibility. That immediately ratcheted up verbal tensions with Russia, and the markets ended up being the fall …
Soothing Trade-War Fears Propel Equities
[Chart courtesy of MarketWatch.com] Moving the markets Unlike yesterday, when an early rally petered out, today’s sharply higher opening turned out to be the real thing, as equities maintained their upward momentum throughout the session and into the close, thereby scoring some solid gains across the board. Giving the assist were Chinese President Xi Jinping’s suggestions to adopt a less-aggressive …
A Giant Bullish Illusion
[Chart courtesy of MarketWatch.com] Moving the markets And it all looked so promising for the bulls this morning. The major indexes were broadly higher right after the opening bell when, about mid-day, things started to fall apart, and we were lucky to score any gains at all—thanks to the closing bell. Driving the market early on were comments from Trump …
Easing Trade Tensions Equal Higher Markets
[Chart courtesy of MarketWatch.com] Moving the markets What a difference a day makes! As much as yesterday’s trade-war fears were the culprit contributing to the early market dump, today’s easing of those fears helped spark an early rally that continued the rebound and led to the Dow’s first 3-day win streak in a month. While the early rally ran out …
Massive Sell-Off Turns Into Solid Gains
[Chart courtesy of MarketWatch.com] Moving the markets The chart above showing today’s rebound simply does not do justice to what actually happened. Right after the opening bell, the Dow plunged some 600 points only to begin a slow comeback and, along with the other major indexes, managed not only to recoup all early losses but turn the session into solid …
Tech Wreck Reverses
[Chart courtesy of MarketWatch.com] Moving the markets We started the session on a positive note, after yesterday’s drubbing, with the major indexes hovering above and slightly below their respective unchanged lines, as the beaten down tech sector showed signs of life. That caused me to hold off with my planned liquidation of one of our holdings, as we moved away …