[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks posted strong gains today, rising nearly 1% across the board. Oil, as it has been (and seems like will be for the near future) was “the” big market mover. The black gold gained 3.96% to move above $41 a barrel, which makes economic bulls even more bullish. In the world of …
Early Rally Runs Out Of Steam—Indexes Slip Into The Red
[Chart courtesy of MarketWatch.com] 1. Moving the Markets All three U.S. benchmarks began the day in positive ground, before sliding back. About mid-afternoon, they faltered into negative territory, ending at session lows by the closing bell. The buzz of late has been all about earnings expectations and how the market will react. If earnings come in negative in the January-March …
Markets Drop; Are The Bears Sharpening Their Claws?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bullish optimism that was powering stocks over the past month is fizzling. Caution and skepticism are poking holes in the sentiments, and the bears are slowly awakening from hibernation it seems. Whether it will be enough to end our recent Buy signal remains to be seen. Oil has resumed its decline, dropping …
Oil Ignites Equities
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets rallied today as investors reacted to a rebound in oil prices of over 5%, but hesitancy remains amidst upcoming earnings season and the race for the White House. The outlook for Q1 earnings remains bleak at present. Analysts expect a nearly 8% contraction in earnings, which would mark a third straight …
Sudden Anxiety Spooks Market
[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 …