[Chart courtesy of MarketWatch.com] Moving the Markets Not only did the Dow’s 4-day win streak come to an end today, all 3 major indexes showed the same pattern; that is slowly deteriorating momentum throughout the session and closing at the lows. There were no green numbers to be found only varying degrees of losses. Faring the best, were International SmallCaps …
Struggling To Stay Above Water
[Chart courtesy of MarketWatch.com] Moving the Markets An early rally, ahead of the Fed minutes, fizzled after their release with the S&P 500 kissing its unchanged line before rebounding and ending up slightly in the green. The Dow and Nasdaq followed suit in similar fashion. Contributing to some turmoil was President Trump’s decision to disband his advisory panel while political …
Hugging The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets Equities struggled all day to find some direction, but the session turned out to be nothing but aimless meandering around the unchanged line with the major indexes essentially remaining unchanged. SmallCaps (SCHA) fared the worst with a loss of -0.68% closely followed by MidCaps (SCHM) giving back -0.31%. On the winning side, semiconductors …
Equities In Relief Mode As Tensions Subside
[Chart courtesy of MarketWatch.com] Moving the Markets With the geopolitical tensions having been pushed hard by the MSM (Main Stream Media) last week, it’s no surprise that after the incessant jawboning waned, dip buyers appeared to ramp the indexes back towards their recent highs. The Dow turned out to be today’s laggard while the S&P 500 and Nasdaq gained solidly …
N. Korea: Simmering Tensions Punish Equities
[Chart courtesy of MarketWatch.com] Moving the Markets The war drums with N. Korea were beating louder today as the high octane rhetoric was turned up a notch with a “preemptive strike” headline and similar dialogues pulling stocks down for the 3rd consecutive day. The session ended with the major indexes at their lows, which will make for an interesting opening …
Dow Slips For 2nd Straight Day
[Chart courtesy of MarketWatch.com] Moving the Markets Yesterday’s slippage continued early this morning, but dip buyers stepped in encouraged by a NT Times story alleging that Trump’s ‘Fire and Fury’ words were his own and not US policy. During the last hour, the whipping boy of the year, AKA the VIX, was spanked again and while helping the indexes recover, …