[Chart courtesy of MarketWatch.com] 1. Moving the Markets The U.S. stock market posted its second day of losses, not due to any major market moving news, but because of anticipation of…earnings season. Earnings season kicks off a week from today (April 11th) and investor sentiment is mixed in its expectations. Many investors are speculating that Q1 growth will be minimal, …
Oil Gets Spanked And Indexes Slip—Domestic Buy Signal Confirmed
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street kicked off the week to a mediocre start after posting solid gains the week prior. Better than expected readings on jobs, manufacturing and interest rates were market movers last week. This week, Wall Street will be focusing more on economic data, such as February factory orders and the March reading …
Waiting For The Jobs Report
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Who would have thought that markets would be in positive territory at the end of March, given the horrendous start to the year. As of the closing bell, the Dow and S&P 500 are officially both in positive territory YTD. At the pinnacle of fearing Bears may take over, which was around …
Follow Through Buying Elevates Indexes—Domestic TTI Closes In On A New “Buy”
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets remained strong the day after Janet Yellen stressed that the central bank will remain “cautious” in its approach to raising interest rates. In case you missed it, “cautious” means being accommodative to the financial markets no matter what. Helping stocks higher today was another decline in the value of the U.S. dollar …
The Fed Blinks—Markets Rally
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Both the Dow and S&P 500 closed at high water marks for 2016. Movement upward today was driven mostly by Janet Yellen’s speech today in New York wherein she said the central bank will “move cautiously” on interest rate hikes. The “cautious” stance is mostly due to risks of a weak global …
Quiet Monday After Easter; GM Moves Towards Autopilot
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes closed moderately higher after a day with little volatility. Perhaps the hesitance in markets today was the fact that investors are waiting to react to more economic news this week that will provide further insight into the state of the slumping domestic economy. Today, we received reports on personal …