[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a one-two punch based on disappointing earnings and a mixed bag of data that sent the bulls to the mat, at least for the time being. All major indexes lost as the intra-day chart above shows. Despite the manufacturing index coming in better than expected and a reduced number of …
Bouncing Off The Glass Ceiling
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Clearly, the markets were taking a breather today, after the S&P’s attempt to pierce the 1,900 level, not just on an intra-day basis, did not materialize. While the benchmark had been trending sideways for this month, let’s not forget that it has been on a 4.5% rebound spree since its low on …
Markets Continue Up, Except For Our Good Friend The Nasdaq; A Glance At Gold
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 and the Dow both edged to new highs again today, while the Nasdaq resumed its oh too familiar slide. Cisco Systems Inc (CSCO), which is set to report its quarterly earnings results on Wednesday, was the biggest drag on the Nasdaq. The stock slid 1.4%. It was a big …
Markets Swing Back Into Positive Territory On Fruitful Monday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The stock market returned to record levels today as investors regained their appetite for riskier stocks. All major indexes gained, as the intra day chart above shows. Internet stocks, which have taken quite a beating over the past month, pulled a turnaround, with Twitter (TWTR) and Facebook (FB) at the top of …
Equities Bounce Aimlessly; European Central Bank May Cut Interest Rates
[Chart courtesy of MarketWatch.com] 1. Moving The Markets There was not much movement up or down in the U.S. equity markets today. Both the S&P 500 and the Nasdaq closed slightly in the red zone, while the Dow managed to squeeze out some positive gains. Utilities and technology companies led sector losses. The trend continues to be investors selling out …
Markets Bounce Higher; Responding Well To Yellen’s Speech
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Wednesday was a rather uneventful day across the board with the S&P 500 and Dow climbing and the Nasdaq stumbling. Tech stocks continued to fall out of favor as worries of overvaluation continue to be the culprit. A number of Nasdaq listed stocks have taken quite a beating over the past two …