[Chart courtesy of MarketWatch.com] Moving the Markets I did not expect much upside market action ahead of Trump’s speech, and that is exactly what happened. The Dow broke its 12-day record streak while all major indexes closed marginally to the downside. Not helping matters was Target’s report that profit for the quarter, including the holiday season, had fallen by an …
Dow Inches To 12th Record High Close
[Chart courtesy of MarketWatch.com] Moving the Markets The wining streak continued despite a weak opening, but the bulls were determined not to interrupt the current march towards new record highs, and mid-day the major indexes slowly crawled above the unchanged line and eked out a tiny gain; but a gain nonetheless. Throwing in an assist was President Trump when he …
Gold Jumps and Dollar Dumps
[Chart courtesy of MarketWatch.com] Moving the Markets Thursday turned into a whip-saw kind of a day with the three major indexes vacillating above and below their respective unchanged lines but, in the end, the algos managed to push 2 out of 3 back into positive territory. Only the Nasdaq closed in the red, predominantly caused by weakness in Tesla. Contributing …
Fed Minutes Keep Markets Mixed
[Chart courtesy of MarketWatch.com] Moving the Markets To much shock and surprise all three major indexes opened down this morning—by a gigantic -0.3%. Since in this new normal, a larger downside margin is no longer allowed, so a rebound materialized and up we went, but only the Dow managed to close in the green. Of course, I am being facetious …
Dow Scores 8th Gain In A Row
[Chart courtesy of MarketWatch.com] Moving the Markets Last week’s record setting pace continued today as all three major indexes powered higher led by the S&P 500 with a gain of +0.60%. The fact that concerns remain about excessive valuation did not matter; in the end all of the S&P’s 11 sectors closed up with even defensive areas like real estate, …
Equities Mixed But Dow Squeezes Out A Gain
[Chart courtesy of MarketWatch.com] Moving the Markets Treading water below the unchanged line was the theme of the day as weakening upward momentum held the major indexes in check. Despite the usual afternoon ramp, only the Dow managed to eke out a gain to notch its sixth straight record high close. It was a mixed bag with declining energy stocks …