[Chart courtesy of MarketWatch.com] Moving the markets An early anticipatory rally bit the dust after the Fed’s announcement that they have plenty of room to raise interest rates before the economy would be negatively affected. The major indexes dove into the red but rebounded into the close. Rate hike expectations soared with traders now considering 4 hikes by year-end to …
Melting Down And Melting Up
[Chart courtesy of MarketWatch.com] Moving the markets While not nearly as dramatic as yesterday, the major indexes found themselves in another deep hole early on, with the Dow down over 500 points, yet they managed again to stage another rebound which, however, faded into the close. The Dow almost broke even, but the Nasdaq got hammered again by losing -2.28%, …
Dumping Big And Pumping Bigger
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets last night indicated bullish momentum and a positive beginning in the cash markets. That turned out to be a head fake, as the major indexes collapsed after the opening with the Dow being down some 1,000 points during the session. I took the opportunity to lighten up on some of …
Standing At The Edge Of A Domestic “Sell” Signal
ETF Tracker StatSheet You can view the latest version here. [Chart courtesy of MarketWatch.com] Moving the markets It was a wild and whacky holiday shortened week that sent the markets stumbling. The first 3 trading days featured identical results in that early bounces turned into late session trounces, as the major indexes got spanked much to the delight of …
Surrendering Early Gains And Diving Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets A solid early bounce in the major indexes hit the skids, found upward impetus for a second time but then lost momentum with all three major indexes doing their best imitation of a swan dive by closing at the lows of the day. It turned into another disappointing day for the dip buyers, …
Bond Yields Pump And Equities Dump
[Chart courtesy of MarketWatch.com] Moving the markets As we’ve witnessed for most of this year, surging bond yields have been the culprit to not only keep equities in check but also pull them off their lofty levels. Such was the case again today when the session got off to a bad start with the Dow dumping some 500 points right …