Tag Archive

[Chart courtesy of MarketWatch.com] Moving the markets The Fed did everything it could to put a positive spin on its pledge to keep rates low for the next few years: The U.S. central bank kept interest rates near zero. Members of the Fed’s policymaking committee also indicated the overnight rate could stay near zero through 2023. “With inflation running persistently …

[Chart courtesy of MarketWatch.com] Moving the markets After its worst week since March, the tech sector managed to bounce back, along with the other major indexes, to end the session solidly in the green but off the intra-day highs. The big jump happened right after the opening on news of corporate deal making and improved prospects for a Covid-19 vaccine …

[Chart courtesy of MarketWatch.com] Moving the markets The first part of the session showed the bulls clearly in charge when suddenly Brexit concerns hit the headlines, which was followed by news that the Democrats voted to block the Republican’s stimulus bill. That was enough send stocks, bonds, and gold diving, while the dollar enjoyed a rebound rally. ZH summed up …

[Chart courtesy of MarketWatch.com] Moving the markets After 3 days of the markets getting slammed, with the Nasdaq having one of its worst stretches and reaching correction territory, conditions became so oversold that buyers stepped in and restored bullish momentum. As it turned out, the Nasdaq 100’s 50 day Moving Average provided critical support, at least for this session, and …

[Chart courtesy of MarketWatch.com] Moving the markets Last Thursday’s sharp sell-off, which continued Friday in a more moderate fashion, thanks to a late rebound, accelerated today, as the Labor Day weekend did nothing to encourage a return to bullishness. Instead, the major indexes puked again, with the Nasdaq showing the steepest losses except for crude oil, which took top billing …