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[Chart courtesy of MarketWatch.com] Moving the markets After three days of relentless selling, the major indexes seemed to find a bottom today, as dip buyers stepped in and gave a long overdue assist. The Dow and S&P 500 took the lead, but the much beaten-up Nasdaq managed a decent showing, along with Small Caps, which had taken a severe beating …

[Chart courtesy of MarketWatch.com] Moving the markets US core consumer price inflation reared its ugly head as a 0.2% expected rise in the CPI index turned out to be wishful thinking with the real number showing a surge of 0.8% MoM, which represents an explosion of 4.2% YoY. As ZeroHedge pointed out, this is the biggest YoY jump since September …

[Chart courtesy of MarketWatch.com] Moving the markets We saw another wild day in the markets with the major indexes tanking, as the Nasdaq was still negatively influenced by rising valuations and ever climbing inflation fears. It was a strange day, because the tech sector rebounded in the afternoon, in part due to Amazon Buyback rumors, which traders took as a …

[Chart courtesy of MarketWatch.com] Moving the markets An early rally, at least for the Dow, petered out with all 3 major indexes diving into the close. The S&P 500 managed to hug its unchanged line for most of the day but succumbed to weakness in the end with the Nasdaq being the guilty party dragging down the indexes. Technology continued …

[Chart courtesy of MarketWatch.com] Moving the markets Early weakness gave way to a mid-day pump, which was followed by a date session rip with all three major indexes closing in the green. The laggard again was the Nasdaq, as “value” continued outperform “growth.” YTD, the Russell 1000 Value index has gained 17%, while the Russell 1000 Growth Index shows only …