[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 …
Stumbling But Closing In The Green
[Chart courtesy of MarketWatch.com] Moving the markets An early rebound faltered, and the major indexes declined below the unchanged line but managed to crawl back into positive territory to close out the month with solid gains. The Dow added +5.8%, its best January since 1997, while the S&P 500 and Nasdaq rallied +5.6% and +7.4% respectively. The culprit for the …
Major Indexes Down For 2nd Straight Day
[Chart courtesy of MarketWatch.com] Moving the markets It should be no surprise to anyone that, given the tear the markets have been on over the past 14 months without much of an interruption, a correction or pullback was way overdue. Weakness was broad based with the main culprits being healthcare, technology, energy and financials. Especially, some of the diving healthcare …