[Chart courtesy of MarketWatch.com] Moving the Markets Not only did the Dow’s 4-day win streak come to an end today, all 3 major indexes showed the same pattern; that is slowly deteriorating momentum throughout the session and closing at the lows. There were no green numbers to be found only varying degrees of losses. Faring the best, were International SmallCaps …
Hugging The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets Equities struggled all day to find some direction, but the session turned out to be nothing but aimless meandering around the unchanged line with the major indexes essentially remaining unchanged. SmallCaps (SCHA) fared the worst with a loss of -0.68% closely followed by MidCaps (SCHM) giving back -0.31%. On the winning side, semiconductors …
Equities In Relief Mode As Tensions Subside
[Chart courtesy of MarketWatch.com] Moving the Markets With the geopolitical tensions having been pushed hard by the MSM (Main Stream Media) last week, it’s no surprise that after the incessant jawboning waned, dip buyers appeared to ramp the indexes back towards their recent highs. The Dow turned out to be today’s laggard while the S&P 500 and Nasdaq gained solidly …
Trump’s ‘Fire And Fury’ Speech Takes Starch Out Of Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes did their customary morning dip and then started to recover to cross solidly above their respective unchanged lines. Hedge fund heavyweight Jeff Gundlach’s market warnings were offset somewhat by the usual VIX beating to keep the Dow winning streak alive. However, Trump’s “Fire and Fury” speech directed towards North Korea …
Lowest Volume Since 2001; Dow Ekes Out A Record Close
[Chart courtesy of MarketWatch.com] Moving the Markets The Dow continued with its 9th record close in a row, which is its longest streak since February. The S&P and Nasdaq ended the day higher as well with the Nasdaq leading the pack with +0.51%. However, it was Semiconductors (SMH), part of the 10 ETFs in the Spotlight, which took top billing …
Dow Moves Within Striking Distance Of 22,000
[Chart courtesy of MarketWatch.com] Moving the Markets The theme of the “new normal” continued as less than glowing reports on inflation, manufacturing and collapsing ‘hard’ economic data, were brushed aside with the major indexes continuing their march into record territory. The Dow has now climbed to within striking distance of the 22,000 milestone marker. Crude oil slipped -1.89% joined by …