[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes did their customary morning dip and then started to recover to cross solidly above their respective unchanged lines. Hedge fund heavyweight Jeff Gundlach’s market warnings were offset somewhat by the usual VIX beating to keep the Dow winning streak alive. However, Trump’s “Fire and Fury” speech directed towards North Korea …
Lowest Volume Since 2001; Dow Ekes Out A Record Close
[Chart courtesy of MarketWatch.com] Moving the Markets The Dow continued with its 9th record close in a row, which is its longest streak since February. The S&P and Nasdaq ended the day higher as well with the Nasdaq leading the pack with +0.51%. However, it was Semiconductors (SMH), part of the 10 ETFs in the Spotlight, which took top billing …
Dow Squeezes Out Another Record; Energy Slumps
[Chart courtesy of MarketWatch.com] Moving the Markets The broader market, weighed down by a slumping energy sector (-1.43%), simply could not keep up with the Dow, which notched its seventh consecutive all-time high, although by only the slightest of margins. Not helping the bulls was the fact that the US services economy presented a mixed picture as one component (PMI) …
Dow Pumps And Dollar Dumps
[Chart courtesy of MarketWatch.com] Moving the Markets Thanks to an assist from Apple’s (AAPL) almost 5% gain on blow-out earnings, the Dow managed to conquer the much anticipated 22,000 level for the first time, which makes it its third 1,000-point milestone of the year. The close above 22k was the seventh fastest milestone move, with the last one having occurred …
Dow Moves Within Striking Distance Of 22,000
[Chart courtesy of MarketWatch.com] Moving the Markets The theme of the “new normal” continued as less than glowing reports on inflation, manufacturing and collapsing ‘hard’ economic data, were brushed aside with the major indexes continuing their march into record territory. The Dow has now climbed to within striking distance of the 22,000 milestone marker. Crude oil slipped -1.89% joined by …
Going Nowhere For The Day But Gaining On The Month
[Chart courtesy of MarketWatch.com] Moving the Markets It was an uneventful last day of the month in the markets with the major indexes being content to more or less hug their respective unchanged lines with only the Dow pushing back into the green by a slight margin. For the month, the S&P 500 added +1.94% while the Nasdaq surged 3.5%. …