[Chart courtesy of MarketWatch.com] Moving the Markets The Dow’s seven-day win streak came to an end today, as technology and industrials took the brunt of the sell-off, the negative effects of which were greatly reduced thanks to the afternoon rebound. However, worries about a possible delay in the implementation of the corporate tax cut plan by one year proved to …
Carving Out New Highs
[Chart courtesy of MarketWatch.com] Moving the Markets It appears that we’re back to normal—the new normal that is. I am talking about the pattern we’ve come to know very well this year. Namely, a weak opening followed by a mid-day bounce and a strong finish accompanied by new all-time highs. That’s exactly what we got, as the major indexes scored …
Dow Ekes Out A Record; S&P And Nasdaq Slip
[Chart courtesy of MarketWatch.com] Moving the Markets Weighing on the major indexes was a sell-off in predominantly three sectors, which kept a lid on the usual afternoon ramp. Retail (XRT), Financials (XLF) and SmallCaps (SCHA) combined their poor performances of -2.35%, -1.38% and -1.10% respectively to keep any upward momentum from gaining speed—and they succeeded with only the Dow eking …
More All-Time Highs
[Chart courtesy of MarketWatch.com] Moving the Markets The weekend news simply did not matter. Saudi Arabia went into crisis mode after 2 of their princes died, one via a helicopter crash and the other one in a firefight to avoid arrest, dozens were taken into custody, assets were frozen and a no-fly zone for private planes was invoked. Domestically, McCain …
Dow Sets A New Record
[Chart courtesy of MarketWatch.com] Moving the Markets While the Dow managed to eke out a new record high, the S&P 500 and Nasdaq struggled all day to get back to even with the latter just coming up short. We traded lower for most of the session as a result up Trump’s unveiling of the much-hyped tax plan. Some of the …
Honing In On New Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets While the major indexes started the first November session with a bang, upward momentum waned, and the Nasdaq ended up slipping slightly into the red, while the Dow and S&P 500 remained green. The Fed kept interest rates unchanged but jawboned some positives about the economy using descriptive words like “activity has been …