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[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to bounce back from early weakness and hovered safely above their respective unchanged lines bouncing in and out of record territory. The fact that trade news said absolutely nothing new but mainly regurgitated the same old stuff as “we reached consensus on properly resolving relevant issues,” while the parties …

[Chart courtesy of MarketWatch.com] Moving the markets The markets took another jump higher powered by some mega mergers and the good old stand-by, namely the trade talks. All last week’s concerns vanished over the weekend on China’s decision to issue guidelines and raise penalties for intellectual property theft. This was immediately interpreted as a step in the right direction boosting …

[Chart courtesy of MarketWatch.com] Moving the markets Softness in the markets prevailed for the third day, as a bunch trade news volleys made their way back and forth and kept the major indexes in limbo. An early drop shifted into rebound mode, an occurrence we’ve seen regularly in the recent past, but it fell short of conquering the unchanged lines. …

[Chart courtesy of MarketWatch.com] Moving the markets The markets started the session by meandering slightly below their respective unchanged lines when a sudden dive took the starch out of any existing support. As I posted yesterday, a new headline about how close the latest trade deal might be was sure to be on deck. Well, we got trade headlines, but …

[Chart courtesy of MarketWatch.com] Moving the markets Today we experienced a market condition, which we have not seen in a while, namely not just an intra-day sell off, but also a red close of more than the occasional shocking -0.01%, at least for the Dow. Of course, I am being facetious here, but the usual end of the day ramp …