[Chart courtesy of MarketWatch.com] Moving the markets Yesterday, the markets closed on a sour note by scoring their lows for session in the final seconds of trading. That usually does not bode well for the next day’s opening, and today was no exception. The major indexes slipped early on but managed to rebound by mid-day with fresh upward momentum pushing …
The Fizzle Continues
[Chart courtesy of MarketWatch.com] Moving the markets There was not much motivation on the part of the bulls to engage and keep this market from fizzling. The big three, namely lack of progress on the trade dispute with China, mixed earnings results and weak headlines for economic numbers, combined to create a lackluster session. In other words, the recently observed …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between news stories that kept traders on edge with some headlines causing a sell-off, others creating a recovery, but in the end, the major indexes closed in the red. We didn’t see the usual last 30-minute rebound due to Trump’s comments that “trade has a long way to go,” …
Markets Under Pressure; Earnings Season On Deck
[Chart courtesy of MarketWatch.com] Moving the markets Throughout today’s session, equities were under pressure due to the looming earning season. Traders were a bit anxious to find out if some of the poor economic data points of the last quarter, or the U.S.-China trade war, are having an impact on companies’ bottom lines. The major indexes spent most of the …
ETF Tracker Newsletter For July 12, 2019
ETF Tracker StatSheet You can view the latest version here. BANKING ON A FED RATE CUT [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rally continued this morning and accelerated throughout the session, as traders were now convinced that a rate cut by the Fed is a sure thing, so front running was the name of the game. Since …
Hitting New Milestones
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow managed to conquer its new milestone marker of 27,000 with relative ease, and close above it, the S&P 500 struggled with its record 3,000 level. It managed to trade above it for a brief period but fell just short of defeating that hurdle by ending the day at 2,999.91. It …