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[Chart courtesy of MarketWatch.com] Moving the markets After experiencing bobbing, weaving and some head fakes, traders finally stepped up to the plate and put some money on the betting table that markets might have finally found a bottom. Bullish sentiment received some support from strong earnings, which appeared to show that companies are adapting to economic challenges better than feared …

[Chart courtesy of MarketWatch.com] Moving the markets After Friday’s rebound, the markets followed through to the upside this morning, as positive earnings by banking powerhouse Goldman Sachs supported the bullish mood. But as we’ve seen many times in the past, sentiment lost steam, and south we went. Contributing to that sudden sour mood was a report from Apple that it …

[Chart courtesy of MarketWatch.com] Moving the markets A hotter-than expected inflation report showed that the CPI rose 9.1% YoY in June, which was higher than May’s 8.6% reading, that had been the biggest increase since 1981. Economists expected an 8.8% print. Even the Core CPI, which excludes food and energy, came in at 5.9% and topped the 5.7% estimate. On …

[Chart courtesy of MarketWatch.com] Moving the markets After hesitantly spending some time above their respective unchanged lines, bullish momentum, as insignificant as it was, disappeared, and the major indexes staged a turnaround and dumped into the close. It was a lackluster session with the same old standby worry, namely economic growth, as Wall Street braced itself for tomorrows key inflation …

[Chart courtesy of MarketWatch.com] Moving the markets With uncertainty about the upcoming earnings season taking center stage, and traders having more questions than answers, the markets simply took the path of least resistance, which was down. The major indexes never saw any green numbers and vacillated below their respective unchanged lines, as the Nasdaq fared the worst by dropping -2.26%. …