[Chart courtesy of MarketWatch.com] 1. Moving the Markets The indexes raced out of the starting blocks with the S&P 500 shooting up 27 points as China’s efforts of stemming their market slide seemed to be successful—at least for the time being. Of course, as we all know, it’s very questionable as to whether these manipulative attempts, including harsh penalties for …
Equities Tumble—The International TTI Slips Into Bear Market Territory
[Chart courtesy of MarketWatch.com] 1. Moving the Markets For a change, at least on Wall Street, the problems in Greece seemed to have moved to the back-burner, while issues in China, such as their over 30% stock market slide in the past 3 weeks took center stage. The concern is that China’s equity slide will hurt their economy, the second …
Hope Of A Solution In Greece Fuels Rebound
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Things looked very dicey for the S&P 500, and the markets in general, as the indexes dropped sharply after the opening. The S&P touched the 2,044 level, which was a break below its widely followed 200-day moving average. A close around the lows of the day may have generated a “Sell” signal …
Equities Pull Back As Outlook For Greece Remains Uncertain
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a roller coaster ride as the major indexes dropped at the open, then managed to climb above the unchanged line before slipping again but rallying into the close. So far, the fallout has been worse in Europe but uncertainty and subsequent volatility may stay with us for a while. Via …
Data Overshadows Greece
[Chart courtesy of MarketWatch.com] 1. Moving the Markets To heck with Greece is what Wall Street muttered today and returned the focus back on domestic economic data. The major indexes managed to build on yesterday’s rebound and closed up higher despite a mid-day pullback. The Greek saga continues to play in the background with its upcoming referendum on Sunday to …
Equities End See-Saw Session On The Plus Side
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After yesterday’s downside debacle, it was only fitting to see some kind of a rebound attempt even though it was not nearly enough to make a dent in the losses the indexes sustained. It was nothing more than a “hope” rally with the latest news out of Greece being vague and non-inspiring …