[Chart courtesy of MarketWatch.com] Moving the markets The markets were sluggish at first, but then they revved up their engines, as traders felt optimistic about a debt ceiling deal in the making. They were cheered by the words of speaker McCarthy, who said what Wall Street wanted to hear: “better progress”, “it’s possible to get a deal by the end …
Riding The Range
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s moderate loss in the major indexes represented the S&P 500’s first two-week losing streak since February, with the overwhelming uncertainty being created by the ongoing debt ceiling negotiations. We’re stuck in no man’s land waiting for decisions to be made, so markets can gain some traction and stop treading water. In …
Sizzling And Fizzling
[Chart courtesy of MarketWatch.com] Moving the markets The markets stumbled into the first trading day of September with an early rally running out of steam, but the major indexes managed to stay close to their respective unchanged lines. The exception was the Nasdaq, which showed most of the staying power by not only remaining solidly in the green throughout the …
Records Are Made To Be Broken
[Chart courtesy of MarketWatch.com] Moving the markets The move into record territory continued for the third straight day with the Dow climbing above its psychologically important 25k marker for the first time in history. Upward momentum remained strong throughout the session and into the close. Helping matters was the weakening of the VIX, which made history itself by trading with …
Bouncing In A Narrow Range
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes, as well as equities in general, struggled through the session looking for some footing to use as a launching pad for the usual mid-day rebound. It worked for a while, as the unchanged line was conquered but upward momentum faded, and we closed in the red, although only fractionally. Earnings …
Summer Blues
[Chart courtesy of MarketWatch.com] Moving the Markets Due to a 2-day business trip, the next 2 market reports will be short and sweet. The major indexes slipped and spent the entire session below their respective unchanged lines, but saving the day were SmallCaps and Transports scoring small gains, but gains nonetheless. For the month the Transportation index is up some …