Major Indexes Drop As S&P 500 Turns Negative For The Month

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities slipped with the sell-off accelerating late in the day as volume dropped way below its three-month average. That is sure to change on Friday the first trading day of the New Year when we will be off to the races again. There was no earthshaking news other than that applications for …

Markets Close Mixed On Light Trading; Oil At Lowest Price In 5 ½ Years

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed today; however, the S&P 500 once again reached a record high. That marks the 53rd record close this year. Now is not the time to be shy at the pump, because oil prices fell another 2% with crude for Friday delivery settling at $53.61 a barrel. Speaking of oil, …

A Pump And Dump Kind Of Day

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets As the chart above clearly shows, the major indexes went off to races right at the opening as upbeat, although severely seasonally adjusted, retail sales figures lead the way to a sharp rebound rally overcoming yesterday’s bearish tendencies. Hope for a strengthening economy based on optimism that the consumer had not died …