[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes bouncing around in a narrow trading range, the S&P 500 managed to notch its 70th record close of the year, while the Dow rose for the 6th day in a row. Traders hope to not only end the year on a high note but also that this positive momentum …
Maintaining Momentum
[Chart courtesy of MarketWatch.com] Moving the markets After the recent ramp-a-thon, it was to be expected that the markets would consolidate a little bit, which is exactly what happened today. While the Nasdaq gave back 0.56%, the S&P 500 ended just about unchanged, but the Dow eked out a tiny gain thereby recording its 5th day of advances. However, upward …
The Santa Rally accelerates
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s upward momentum picked up steam today with the bulls clearly being in charge and pushing the major indexes higher with the S&P 500 scoring another record. Despite a surge in Covid cases, the mood remained buoyant, at least in terms of equities, with some analysts expecting no lasting or meaningful Omicron …
Santa Claus Rally: S&P 500 Scores New Record
[Chart courtesy of MarketWatch.com] Moving the markets Optimism, that global economies may not become derailed as feared, contributed to the major indexes not only stringing together a 3-day win streak but also the S&P 500 scoring another record close. The gains were broad with value, growth (tech) and SmallCaps all participating with similar advances. The only fly in the ointment …
Bounce-Back Tuesday
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated last night that green numbers might appear during today’s day session. That’s exactly how it turned out with the Dow sprinting ahead by some 300 points, a lead that slowly and steadily grew larger as the day progressed. The other two major indexes joined the party with the …
Tug-Of-War: Omicron Vs. Santa Claus
[Chart courtesy of MarketWatch.com] Moving the markets My somewhat humorous headline contains some truth in that hope for a Santa Claus rally is alive and well but has been met with resistance due to intensifying omicron fears with a resurgence in the number of Covid cases, which have been blamed on the variant. To be clear, the Santa Claus rally …