[Chart courtesy of MarketWatch.com] After an early stumble, the S&P 500 and Nasdaq managed to claw their way back above unchanged, as traders continued to hang onto the hope that some kind of deal between the U.S. and Iran might eventually emerge. It wasn’t exactly conviction buying — more like cautious optimism refusing to die. Technology stocks helped keep the …
From Early Dip to Solid Green Close – Markets Shake Off War Jitters
[Chart courtesy of MarketWatch.com] The major indexes dipped early but quickly found their footing and closed with solid green gains. The rebound was helped by easing oil prices and ongoing monitoring of the U.S.-Iran ceasefire situation. West Texas Intermediate crude eased back after briefly topping $100 a barrel, while traders digested the details of the two-week “double-sided” ceasefire. The deal …
Indexes Reclaim 200-DMAs – Gold & Bitcoin Join The Party
[Chart courtesy of MarketWatch.com] Stocks jumped this morning after President Trump announced he was suspending attacks on Iran for two weeks, pausing a five-week conflict that had closed the Strait of Hormuz and sent markets reeling. West Texas Intermediate crude futures tumbled more than 17% to $93.42 a barrel following the news. Trump posted on Truth Social that he agreed …
Early Red Turns Green – Trump Deadline Looms Large
[Chart courtesy of MarketWatch.com] The major indexes started the day in the red as President Trump’s deadline for Iran to reopen the Strait of Hormuz loomed large, with hopes for a quick agreement fading fast. Trump’s latest Truth Social post added to the drama, warning that “a whole civilization will die tonight, never to be brought back again” if no …
Mag 7 Shows Life, Gold Holds Strong – Optimism Creeps In
[Chart courtesy of MarketWatch.com] The Dow opened with a sharp 600-point drop as traders kept watching the Iran war and rising oil prices (crude surged around 11%). But the major indexes staged a solid comeback after Iranian state media said the country is working with Oman on a protocol to let ships pass through the Strait of Hormuz again. One …
Nasdaq Leads Rally – Oil Eases, Gold Tests $4,800
[Chart courtesy of MarketWatch.com] The major indexes kicked off the new month on a positive note, climbing steadily as fresh hope emerged that the U.S.-Iran war could be winding down. President Trump posted on Truth Social that Iran’s president had asked for a ceasefire, though he added the U.S. would only consider it once the Strait of Hormuz is “open, …