[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s pull-back proved to be ephemeral when considering the runaway train the major indexes resembled today. Looking at the chart above, it was about as straight of an ascending line as you can paint, as the bulls took charge again and pushed the major indexes into new all-time high territory. The Dow led …
Reversal Tuesday
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the major indexes stormed ahead to set new records, only to be reminded that nothing goes up forever without a break or some sort of a pullback. The Dow raced past the 26k milestone only seven days after having conquered its 25k level, which was triple the pace …
Anticipation Of Good Earning Catapults The Major Indexes
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s worries about China’s lack of interest in purchasing US Treasuries are now a thing of the past while other concerns, such as jobless claims and wholesale inflation data, were simply ignored in anticipation of a hopefully great earnings season, which is expected to be the catalyst to drive the markets to new …
Logging The First Down Day Of The Year
[Chart courtesy of MarketWatch.com] Moving the markets I had to happen eventually and today was the day. The major indexes actually traded below the unchanged line all day, staged a comeback but ended slightly in the red, as some profit taking set in. Caution prevailed as yesterday’s bond slam-fest remained on traders’ minds. The cause of jumping bond yields were …
Dow Continues Record Setting Pace; Bonds Get Clobbered
[Chart courtesy of MarketWatch.com] Moving the markets Thanks to Boeing, which added more than 60 points to the Dow, the index set another record while the S&P 500 and Nasdaq gained for the 6th straight day. There was no particular driver for the advance other than continued market optimism. In our ETF space, winners outpaced losers by a small margin. …
A Big Day For The Bulls
[Chart courtesy of MarketWatch.com] Moving the markets This is the time of the year when market historians come out and use the first five trading days of the year to compare it to the past and then project the results out for the remainder of 2018. Today was no different, and these are the results as translated by ZH: Thanks …