[Chart courtesy of MarketWatch.com] Moving the markets Volatility continued today although not much was visible during the regular session. ZH remarked: Having been up almost 400 points from its Friday cash close, Dow futures plunged back into the red, amid chaotic swings and the lowest market liquidity ever seen. But that did not last as the machines dragged stocks back …
Market Dominators: Volatility And Rising Bond Yields; Dow Enters Correction; TTIs Barely Remain In Bullish Territory
[Chart courtesy of MarketWatch.com] Moving the markets As I mentioned yesterday, volatility (VIX above 35) and rising bond yields, which spiked during a weak auction and spooked equities, combined to give the bears the upper hand as the major indexes fell off a cliff with the Dow entering correction territory. ZH summed it up perfectly: As a reminder, the ‘good’ …
An Early Rally Fizzles As Bond Yields Rise
[Chart courtesy of MarketWatch.com] Moving the markets The session started out with the bullish sentiment intact from yesterday’s rebound but ended with the bears taking over causing the major indexes to close at the lows of the day. The cause was “yield creep” as rates continued their march higher with the 10-year yield climbing 5 basis points to end the …
Seesaw Session Favors Bulls; Short Squeeze Pushes Dow Up 600 Points
[Chart courtesy of MarketWatch.com] Moving the markets It was another wild ride in the markets, as the indexes spent most of the session sharply vacillating around the unchanged line. Volatility picked up and price action was so violent during times that it was almost impossible to get a read on an ETF price for more than a fraction of a …
Market Dumps As Volatility Pumps; Buy Signals Remains Intact
[Chart courtesy of MarketWatch.com] Moving the markets After last week’s pullback, today’s session had the major indexes hovering slightly below their unchanged lines right after the opening, when suddenly at mid-day the floodgates opened and equities went into freefall mode. Of course, the reason was not that individual investors all of a sudden decided to sell, but the more likely …
Uncertainty Reigns Ahead Of Jobs Report
[Chart courtesy of MarketWatch.com] Moving the markets It was another roller coaster ride with the indexes vacillating around their unchanged lines. A nice mid-day rally fizzled out and accelerated to the downside in the last hour when dip buyers stepped in to limit the damage. Volatility picked up due to rising interest rates and inflation along with uncertainty ahead of …