[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 …
Friday’s Melt-Up Evaporates As The Dead Cat Bounce Dies
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s month ending bounce-back is now in the rear view mirror as the floodgates opened this morning, and the major indexes headed straight south just about uninterruptedly until they found a support point this afternoon, which softened the damage for the day. Nevertheless, chart damage was done with the S&P dropping below it’s …
A Broad Rally Ends A Poor Month
[Chart courtesy of MarketWatch.com] Moving the markets A solid and broad rally right after the opening bell pulled the major indexes out of the doldrums with the bulls finally managing to reduce some of the losses sustained not only in March but YTD as well. Today’s leaders were the dogs of the month, namely tech and energy. We’ll have to …
Snap-Back Rally Propels Equities Higher
[Chart courtesy of MarketWatch.com] Moving the markets The much feared wave of selling that dominated last week came to a sudden end when the major indexes opened higher, pulled back slightly and then rocketed into the close thereby recording their largest one-day percentage gains since the middle of 2015. The bulls finally showed signs of life supported by reports that …