[Chart courtesy of MarketWatch.com] Moving the markets The move into record territory continued for the third straight day with the Dow climbing above its psychologically important 25k marker for the first time in history. Upward momentum remained strong throughout the session and into the close. Helping matters was the weakening of the VIX, which made history itself by trading with …
Records Continue To Fall
[Chart courtesy of MarketWatch.com] Moving the markets Today, all three major indexes moved in sync by pushing further into uncharted territory and closing at new all-time highs. It was a repeat of yesterday, as we headed straight north right after the opening bell and never looked back with additional momentum gathering strength in the last hour of the session. The …
Storming Into 2018 And Setting New Records
[Chart courtesy of MarketWatch.com] Moving the markets The weak performance of the last day of 2017 is now forgotten, and in the rear view mirror, as the major indexes stormed out of the starting blocks and never looked back. It was the S&P’s and Nasdaq’s turn to set new records while the Dow lagged for the time being. The energy, …
Last Hour Burst Assures A Green Close
[Chart courtesy of MarketWatch.com] Moving the markets After much range trading for most of the day, the major indexes shot up during the last hour to not just only close in the green but to also push the Dow to its 71st record close for the year. The supporting actors turned out to be banking shares and to a lesser …
Edging Higher
[Chart courtesy of MarketWatch.com] Moving the markets It wasn’t much of a gain, but a gain nevertheless, as the major indexes ended their 2-day slide to close in the green by a small margin. Trading was subdued during this Holiday shortened week, as new catalysts were lacking, and I don’t expect much movement in equities over the last trading days …
Low Volume Equals Directionless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between Apple (AAPL -2.53%) and the retail sector as the former fell and the latter rallied (XRT +1.12%). Crude oil (+2.27%) through in some bullish support but it the end, the major indexes headed south by a slight margin. Of course, Holiday shortened weeks invite low volume, so the …