[Chart courtesy of MarketWatch.com] Moving the Markets The markets started the New Year with a bang as the Dow attempted another run at 20k but fell short in the end as a mid-day sell-off pulled the rug out from the early rally. Late day buying put the major indexes deeper into the green for day, but it was not enough …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the Markets Quiet holiday trading took over with the major indexes vacillating slightly above and below their respective trend line without clear direction and again on low volume. The exception was gold, which finished a 5-day winning streak by adding a solid +1.59% for the day. The dollar gave back some of its recent gains …
Rally Loses Steam As The Drive For Dow 20,000 Stalls
[Chart courtesy of MarketWatch.com] Moving the Market A broad decline in the major indexes interrupted the Trump rally as bad news was, for a change, perceived to be really bad news with the culprit being a drop in home sales. It was a sharp one as pending home sales plunged to their lowest level in almost a year. This should …
Edging Up On Low Volume
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes managed to crawl higher today but hopes of the Dow taking out the 20,000 marker were dashed again with the index barely remaining above the unchanged line. For December 27th, today was the lowest volume day in over 10 years, which will most likely continue for the remainder of this …
Dow 20,000 Still In Sight
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes never managed to crawl above the unchanged line during today’s session in part caused by weakness in retailers. Stocks fell after reports that Trump’s transition team is mulling over a possible 10% tariff on imports with the Consumer Discretionaries losing over 1% for the day, their largest one-day decline since …
Finishing In The Red
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes pulled back for a change as volume and the hunt for Dow 20,000 slowed down ahead of the Christmas Holiday. Healthcare and real estate were the primary losers today. Banking stocks in Europe round-tripped this morning as the shares of Italy’s problem child, Monte Paschi, crashed, soared and plunged again …