Tag Archive

[Chart courtesy of MarketWatch.com] Moving the markets The efforts by a few traders last week to push the markets higher on very low volume came to an end today, when the full staff returned, pushed the sell buttons, and pulled the rug out from under last week’s rally.   The major indexes shifted into bearish mode, right after the opening …

[Chart courtesy of MarketWatch.com] Moving the markets It was another choppy session, as the release of the Fed’s meeting minutes (FOMC) showed a mixed picture in terms of future rates hikes. The Central Bank noted that it was seeing some progress in its inflation fighting efforts while stating that “a substantial majority of participants judged that a slowing in the …

[Chart courtesy of MarketWatch.com] Moving the markets As I mentioned yesterday, with most traders being on vacation this week, reduced volume made it easier for the remaining crew to exuberantly push markets around and support the bullish cause. Looking towards the end of the year, hope that inflation might ease, and by association interest rates, was an underlying theme based …

[Chart courtesy of MarketWatch.com] Moving the markets The major indexes shed some more of their recent gains during this first day of a Holiday shortened trading week. Not helping the already jittery market were reports of China possibly ramping up Covid restrictions due to some additional deaths and the lockdowns spreading. As a result, the Chinese Yuan plunged, and the …

[Chart courtesy of MarketWatch.com] Moving the markets Weakness prevailed right from the get-go, when retail stocks were dragged lower due to Target reporting a decline in sales causing their stock price to dive some 13%. Shoppers are struggling with high inflation ahead of the biggest shopping season of the year. On the other hand, US Retail Sales soared 1.3% MoM …