[Chart courtesy of MarketWatch.com] Moving the Markets It appears that we’re back to normal—the new normal that is. I am talking about the pattern we’ve come to know very well this year. Namely, a weak opening followed by a mid-day bounce and a strong finish accompanied by new all-time highs. That’s exactly what we got, as the major indexes scored …
Dow Ekes Out A Record; S&P And Nasdaq Slip
[Chart courtesy of MarketWatch.com] Moving the Markets Weighing on the major indexes was a sell-off in predominantly three sectors, which kept a lid on the usual afternoon ramp. Retail (XRT), Financials (XLF) and SmallCaps (SCHA) combined their poor performances of -2.35%, -1.38% and -1.10% respectively to keep any upward momentum from gaining speed—and they succeeded with only the Dow eking …
More All-Time Highs
[Chart courtesy of MarketWatch.com] Moving the Markets The weekend news simply did not matter. Saudi Arabia went into crisis mode after 2 of their princes died, one via a helicopter crash and the other one in a firefight to avoid arrest, dozens were taken into custody, assets were frozen and a no-fly zone for private planes was invoked. Domestically, McCain …
Dow Sets A New Record
[Chart courtesy of MarketWatch.com] Moving the Markets While the Dow managed to eke out a new record high, the S&P 500 and Nasdaq struggled all day to get back to even with the latter just coming up short. We traded lower for most of the session as a result up Trump’s unveiling of the much-hyped tax plan. Some of the …
Major Indexes Conquer October; Sporting Biggest Increase Since February
[Chart courtesy of MarketWatch.com] Moving the Markets The month of October has been known as the bull market killer in the past. Not so this year, as the major indexes not only survived but prospered at the tune of +4.2%, +2.2% and +3.2% respectively for the Dow, S&P 500 and Nasdaq. The Dow actually rose at twice the pace it …
Indecision Reigns
[Chart courtesy of MarketWatch.com] Moving the Markets Equities struggled with only the Nasdaq managing to spend some time above the unchanged line early on, and knocking out another intra-day record, but it too succumbed to weakness, before sliding slightly into the red. Trump’s tax cuts were at the center of the market weakness, as the House was discussing a more …