[Chart courtesy of MarketWatch.com] Moving the markets An early rally bit the dust, with the major indexes not being able to sustain the initial bullish momentum. The losses were small, less than 0.25%, and the Nasdaq ended just about unchanged. Amazon came under pressure after a DC attorney launching a lawsuit on antitrust grounds, which, by affiliation, affected the entire …
Recapturing Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the bulls took charge, after having lost the momentum battle last week, with the major indexes climbing solidly led by the embattled tech sector. Positive news about the continued economic reopening provided the ammunition for the Nasdaq to advance solidly after the recent spanking. Throughout the session, there …
ETF Tracker Newsletter For May 21, 2021
ETF Tracker StatSheet You can view the latest version here. STRUGGLING TO MAINTAIN ALTITUDE [Chart courtesy of MarketWatch.com] Moving the markets Despite some analysts’ expectations for a sharp increase in volatility due to options expirations today, where anything is possible, this session turned out to be better than expected. The major indexes opened higher but slowly lost their upside …
Cautiously Advancing
[Chart courtesy of MarketWatch.com] Moving the markets After three days of losses, the major indexes found some footing which, despite some ups and downs, provided enough upward momentum to ensure a green close. For a change, the Nasdaq led the way with a solid, yet long overdue rebound of 1.77%. On the economic front, we learned that first-time claims for …
Bulls Hand Baton To The Bears
[Chart courtesy of MarketWatch.com] Moving the markets Following yesterday’s plunge into the close, the bulls found no reason to support the major indexes at the opening today, as they handed the baton to the bears. Despite dip buyers stepping up to the plate late in the day, there was simply not enough motivation present to drive the indexes back into …
Losing Support And Dumping Into The Red
[Chart courtesy of MarketWatch.com] Moving the markets Despite desperate attempts to cling to the unchanged line, bearish forces proved too overwhelming today and pulled the major indexes into the red. This was especially disappointing for the Nasdaq, which had sported a solid rally early on but lost upward momentum and ended up diving into the close. Despite better-than-expected earnings from …