[Chart courtesy of MarketWatch.com] Moving the markets The chart above showing today’s rebound simply does not do justice to what actually happened. Right after the opening bell, the Dow plunged some 600 points only to begin a slow comeback and, along with the other major indexes, managed not only to recoup all early losses but turn the session into solid …
Tech Wreck Reverses
[Chart courtesy of MarketWatch.com] Moving the markets We started the session on a positive note, after yesterday’s drubbing, with the major indexes hovering above and slightly below their respective unchanged lines, as the beaten down tech sector showed signs of life. That caused me to hold off with my planned liquidation of one of our holdings, as we moved away …
Friday’s Melt-Up Evaporates As The Dead Cat Bounce Dies
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s month ending bounce-back is now in the rear view mirror as the floodgates opened this morning, and the major indexes headed straight south just about uninterruptedly until they found a support point this afternoon, which softened the damage for the day. Nevertheless, chart damage was done with the S&P dropping below it’s …
A Broad Rally Ends A Poor Month
[Chart courtesy of MarketWatch.com] Moving the markets A solid and broad rally right after the opening bell pulled the major indexes out of the doldrums with the bulls finally managing to reduce some of the losses sustained not only in March but YTD as well. Today’s leaders were the dogs of the month, namely tech and energy. We’ll have to …
Tech Leads Markets Lower In Choppy Session
[Chart courtesy of MarketWatch.com] Moving the markets Choppy and sloppy best describes today’s session, as the major indexes vacillated around their respective unchanged lines with the Nasdaq showing the most weakness as tech shares continued their swoon. It was a tug-of-war between good economic growth data along with home sales on one side and the bearish forces still in play …
Tech Sector Imitates A Swan Dive
[Chart courtesy of MarketWatch.com] Moving the markets And it all started so peacefully. The markets opened on the plus side, after Monday’s euphoric rebound, when, after hugging the unchanged line for a while, the bottom suddenly dropped out, and the tech sector (-3.5%) did its best imitation of a swan dive pulling the entire equity arena with it. In the …