[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, …
Trump’s ‘Fire And Fury’ Speech Takes Starch Out Of Upward Momentum
[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) …