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[Chart courtesy of MarketWatch.com] Moving the markets The markets dumped right after the opening as concerns about the economic recovery losing steam went mainstream. No surprise here, as I had mentioned that issue in recent posts and more evidence surfaced this morning.   Losses accelerated as Japan declared a state of emergency in Tokyo for the upcoming Olympics, and other …

[Chart courtesy of MarketWatch.com] Moving the markets An initial bounce hit a brick wall and turned into a sudden dive with early gains being eradicated in a hurry. But, as we’ve seen many times before, a late morning rally pulled the major indexes out of a deep hole and pushed them back into the green with the Nasdaq lagging and …

[Chart courtesy of MarketWatch.com] Moving the markets The bullish move into July hit a brick wall this Tuesday, as some sense of reality set in, namely that all good things must come to an end, such as the S&P’s 7-day winning streak, even if only on a temporary basis. Such was the case today, as the major indexes took a …

[Chart courtesy of MarketWatch.com] Moving the markets The major indexes continued to vacillate around record territory, as the last day of the month and quarter ended. The Dow took the lead with the S&P 500 lagging and the Nasdaq sinking slightly into the red.   For June, the S&P 500 managed to eke out again of some 2.2%, despite having …

[Chart courtesy of MarketWatch.com] Moving the markets Despite an early morning bounce, the Dow and the S&P 500 succumbed to weakness and gave back most of their initial gains and ended essentially unchanged. The Nasdaq went the other way but managed to climb out of a hole to score a modest gain, after swinging wildly late in the session. It …