[Chart courtesy of MarketWatch.com] 1. Moving the Markets This morning, China’s Shanghai index took another cliff dive at the tune of some 7.6%, but the European and U.S. markets simply ignored it as they were busy celebrating the Tuesday bounce-back, which took the Dow up by some 440 points. Unfortunately, the euphoric feeling did not last, and the major indexes …
World Equities Get Crushed By The Great Fall Of China
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It all started with China’s Shanghai index dropping some 8.5% and the European markets following closely by losing some 5%. U.S. equities took a huge tumble at the opening, rallied back to almost even before succumbing to last hour selling. China has been a story in itself with their index having gained …
Equities Get Spanked In Worldwide Rout—Trend Tracking Indexes (TTIs) Slip Into Bear Market Territory
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a sea of red numbers crashing on world equities as Wall Street notched a third straight day of losses with the Dow plunging 358 points. When the markets closed today, the Dow sat below 17,000 for the first time since Oct. 29 last year. Fear is still percolating throughout the …
Fed Fed Fed Was All The News Today
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The ticking sounds of the countdown clock to the Fed’s interest rate hike are getting louder it seems. The stock market closed lower today after minutes from the Fed’s last policy meeting showed the central bank was “approaching” its first rate hike in nearly a decade. Rates near 0% and cheap borrowing …
Markets Still Moving Sideways; Housing Continues To Perform
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities closed lower today after a big earnings miss from Walmart (WMT) and continued concerns over China’s capital markets. All three major indexes here in the U.S. lost and gave back some of Monday’s gains. Investors were cautious in their trading all day after Walmart reported adjusted quarterly earnings of $1.08, which …
Equities Rebound From Early Drop
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes overcame an early drop, with the S&P 500 visiting the 2,079 level, at which point the bulls took over and managed to push the index back above the 2,100 mark. Homebuilders were the leaders, although volume was extremely light with anxiety being present about the intentions of the Fed …