[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 …
Major Indexes Drop—Trend Tracking Indexes (TTIs) Remain On The Bullish Side
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Compared to the rest of the world, the domestic indexes held up fairly well as Greece’s negotiations unraveled as its local banks along with their stock market were closed. Nevertheless, the S&P 500 had its worst one-day showing in 2015. It was a bad news day all the way around as Greece’s …
Greece And Economic Data Pull Indexes Down
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The early move to the upside turned into a dud when the usual culprits, namely Greece and the domestic economy, combined forces that gave the bear the upper hand for this session. Also weighing on market sentiment was the miserable performance of the Dow Transportation Index, which is now down some 10% …
A Slippery Back Diamond Slope
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After two days of gains, it was time for a reversal. To no surprise, the culprit turned out to be another failed set of negotiations between Greece and its EU creditors. It was the Greek headlines that moved the markets to the downside, as disappointment over progress prevailed. Another meeting was scheduled …
Edging Up On Low Volume
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Gains are better then losses; even if they’re small! That was the case today as the major indexes hugged the unchanged line but managed to close on the plus side. The Nasdaq eked out another record as the waiting game in the Greek saga continues. More clarification is needed to see if …