[Chart courtesy of MarketWatch.com] 1. Moving the Markets At the end of the trading session, the S&P 500 had hardly moved, despite some volatility early on, as the chart above shows. A mixed earnings picture pretty much cancelled out any positive or negative effect on the indexes. It looks like we’re still stuck in a wide sideways pattern with the …
Bulls Extend Market Rally
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bulls were clearly in charge, and the major indexes managed to build on yesterday’s gains with the S&P 500 pushing through the 2,100 level again by adding another 0.75%. Despite the same old useless jawboning by the Fed about their intentions, or lack thereof, of hiking rates in the fall, traders …
Reversing the Slide
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes managed to put a stop to the worst pullback since January as the markets simply got oversold. Helping to a good start early on were better-than-expected earnings by UPS and Pfizer while energy shares found some momentum to the upside and even copper managed to pull itself out of …
Chinese Stocks Drop 8.5%—Domestic Equity Slide Continues For 5th Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Blame it one the Chinese. With the Shanghai index tanking some 8.5% in today, there was simply no other way to go but down. European stocks took the clue, and the German DAX dropped 2.6%. Following the leaders, the bears quickly took the upper hand in the U.S. markets and down we …
Stocks Slide On Disappointing Earnings
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities hit he skids for the 3rd day in a row as, following Apple’s disappointing report card yesterday, 3M and Caterpillar joined the crowd, and the slide in stocks continued killing any hope of a rebound. Commodities offered little help as they seem to be stuck in a bearish trend of their …
Major Indexes Close Lower—Apple’s Slide Is The Culprit
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Tech stocks continued to be a drag on the major indexes after results from Miscrosoft and Apple disappointed. As is always the case, Apple certainly did not do poorly; it’s just that expectations are so overblown than anything close to realty seems to cause a pullback. In the bigger picture, the question …