[Chart courtesy of MarketWatch.com] 1. Moving the Markets For the second day in a row, the major indexes closed higher, but today the gains were solid as, after a strong opening, stocks never looked back and managed to add to their early gains. Helping matters were reports from China over the weekend that the PBOC saw “more room” for accommodating …
Indexes Remain Volatile Amidst Middle East Chaos And French Alps Plane Crash
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed lower for the fourth day in a row. The Dow in particular has been extremely volatile this month, closing up or down more than 100 points in 14 of 18 trading sessions. This is not historically uncharacteristic of the first month of spring though. March has, for the most part, …
Stocks Fall Hard For Third Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As the headline suggested, it was a tough day for all the major indexes. It was a third straight day of losses, and we saw the Dow drop a lofty 293 points by the close of trading. Are you hungry to know who the culprit was of the bearish trading session? None …
Stocks End Lower After Digesting Economic Data
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks drifted in and out of positive territory most of the morning, but turned downwards in afternoon trading as investors digested economic reports that showed an uptick in inflation and a big jump in new-home sales in February. Before the closing bell, the Labor Department reported that consumer prices were up 0.2%, …
Going Nowhere
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The indexes meandered throughout the trading day but were not able to sustain early upside momentum. In the last few minutes of trading, the indexes puked and finished in the red, although by only a small margin given last week’s advance. Concern remained in the currency arena where the dollars advance has …
Sliding Oil Prices Take The Starch Out Of Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets were all peachy yesterday upon the Fed’s sentiment of keeping interest rates low for the near future. However, today was a new day and, as you know, market sentiment can change on a dime daily. Of the three major indexes, only the Nasdaq composite gained slightly. Oil seemed to be the …