Signs Of Lethargy

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[Chart courtesy of MarketWatch.com] Moving the markets An early bounce, indicating dip buyers stepping in to take advantage of lower prices because of yesterday’s slam, ran out of steam with the major indexes lacking bullish conviction to turn this session into a turnaround Tuesday. Despite valiant efforts, the Dow and the S&P 500 gave up all early gains and slipped …

Pummeled And Beaten

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[Chart courtesy of MarketWatch.com] Moving the markets The market mantra of the past few weeks of “digging a hole and climbing out of it” failed miserably today, as dip buyers remained conspicuously absent thereby handing the directional baton to the bears. A host of factors combined forces to pull the markets down, including Delta troubles, Fed taper talk, the upcoming …

Purging And Surging

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[Chart courtesy of MarketWatch.com] Moving the markets An early purge in the markets was met with a subsequent surge, which propelled the major indexes back to their respective unchanged lines, but only the Nasdaq managed to score a green close. Retail sales surprised by rising 0.7% MoM, which was exactly the opposite of expectation of a 0.8% MoM drop. Helping …

Conquering The September Doldrums

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[Chart courtesy of MarketWatch.com] Moving the markets Despite a shaky start, the major indexes found support and managed to overcome the September doldrums, at least for this day. Bullish momentum surfaced with equities accelerating to the upside during the afternoon session, and all three indices closed the day with solid gains. While the battle between Small Caps (VBK) and Value …

Another Rally Bites The Dust

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[Chart courtesy of MarketWatch.com] Moving the markets Except for yesterday, we have seen the pattern of an early bump getting pounded in the afternoon during all last week. While Monday instilled some confidence in traders’ minds that the bullish meme is still alive, that mantra was smashed today with the major indexes spending most of the session below their respective …

Maintaining Equilibrium

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[Chart courtesy of MarketWatch.com] Moving the markets For a change, an early rally maintained its momentum throughout the session, despite a temporary mid-day pullback, with two of the three major indexes finally eking out a gain, following five days of losses. The Nasdaq trailed and closed slightly in the red, after dancing around its unchanged line all day. Small Caps …