[Chart courtesy of MarketWatch.com] The S&P 500 and Nasdaq got off to a strong start, with the S&P moving to a new all-time intraday high as traders stayed hopeful that a deal to end the U.S.-Iran war could materialize soon. Broadcom was one of the standout performers, rising 3% after Meta extended its partnership to deploy custom chips using Broadcom’s …
Tech & Mag 7 Shine Bright – Another Solid Green Day
[Chart courtesy of MarketWatch.com] Yesterday’s optimism carried over nicely, and the major indexes kept climbing for another solid green day. The Nasdaq led the way with the strongest gains, while tech stocks continued to support the broader market. Oracle jumped 7% (building on its big move the day before), and Nvidia and Palantir kept climbing too. Traders were encouraged by …
Hope Springs Eternal — Even In A Blockaded Strait
[Chart courtesy of MarketWatch.com] After an early stumble, the S&P 500 and Nasdaq managed to claw their way back above unchanged, as traders continued to hang onto the hope that some kind of deal between the U.S. and Iran might eventually emerge. It wasn’t exactly conviction buying — more like cautious optimism refusing to die. Technology stocks helped keep the …
From Early Dip to Solid Green Close – Markets Shake Off War Jitters
[Chart courtesy of MarketWatch.com] The major indexes dipped early but quickly found their footing and closed with solid green gains. The rebound was helped by easing oil prices and ongoing monitoring of the U.S.-Iran ceasefire situation. West Texas Intermediate crude eased back after briefly topping $100 a barrel, while traders digested the details of the two-week “double-sided” ceasefire. The deal …
Indexes Reclaim 200-DMAs – Gold & Bitcoin Join The Party
[Chart courtesy of MarketWatch.com] Stocks jumped this morning after President Trump announced he was suspending attacks on Iran for two weeks, pausing a five-week conflict that had closed the Strait of Hormuz and sent markets reeling. West Texas Intermediate crude futures tumbled more than 17% to $93.42 a barrel following the news. Trump posted on Truth Social that he agreed …
Early Red Turns Green – Trump Deadline Looms Large
[Chart courtesy of MarketWatch.com] The major indexes started the day in the red as President Trump’s deadline for Iran to reopen the Strait of Hormuz loomed large, with hopes for a quick agreement fading fast. Trump’s latest Truth Social post added to the drama, warning that “a whole civilization will die tonight, never to be brought back again” if no …