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[Chart courtesy of MarketWatch.com] Moving the markets When markets get stuck in a tight sideways trading range, as we’ve seen over the past couple of weeks, a breakout, either to the downside or upside, will transpire sooner or later. It may not always be clear what causes such a breakout, but it occurred today with the bulls taking charge and …

[Chart courtesy of MarketWatch.com] Moving the markets The major indexes, led by the Dow, made another attempt at breaking into record territory but failed with upward momentum lacking. Trading volume was the lowest in months meaning there was not much conviction to drive the markets higher. The theme was a repeat of what we’ve seen over the past five trading …

[Chart courtesy of MarketWatch.com] Moving the markets It was a weak Wednesday with the major indexes wandering aimlessly after the release of the Fed’s Beige book showed that “economic activity grew at a slight-to-moderate pace” in March and early April. Upward pressure on wages indicated a tight labor market, however, retail and auto sales were sluggish. Speaking of the former, …

[Chart courtesy of MarketWatch.com] Moving the markets An early rally petered out as the S&P 500 slowly but surely drifted towards its unchanged line and suddenly dropped below it. However, thanks to a last minute levitation, the index managed to crawl back above it to close fractionally in the green. The other two major indexes showed a little more staying …

[Chart courtesy of MarketWatch.com] Moving the markets An early drop below the unchanged lines had the major indexes on the defensive right after the opening bell. After Friday’s decent start to the earning season, Goldman Sachs and Citi Group underwhelmed with their report cards. With these two institutions being banking powerhouses, investors were disappointed as those two were expected to …