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[Chart courtesy of MarketWatch.com] Moving the markets Traders and algos were in a buying mood based on continued hopes that a stimulus deal will be agreed upon before the end of 2020. This enthusiasm has been the main driver with congressional leaders homing in on a $900 billion package that would include direct payments to individuals. Even worsening Initial Jobless …

[Chart courtesy of MarketWatch.com] Moving the markets After some aimless meandering early on, the major indexes found some footing, because of Fed’s latest promise to keep supporting the economy with whatever means necessary. Added CNBC: The U.S. central bank said it will buy at least $120 billion of bonds each month “until substantial further progress has been made toward the …

[Chart courtesy of MarketWatch.com] Moving the markets Optimism reigned supreme that Congress will finally pass another economic relief bill after wrangling with it for weeks. Apparently, the warring parties are growing wary and concerned about an economic fallout if no agreement is being attained. House Speaker Nancy Pelosi invited congressional leaders, including Senate Majority Mitch McConnell, to discuss government funding …

[Chart courtesy of MarketWatch.com] Moving the markets As solid early rally hit the skids, as the Dow performed a 330-point U-turn with two of the three major indexes closing in the red leaving only the Nasdaq above its unchanged line and sporting a +0.50% advance. As has been the case lately, SmallCaps outperformed but even that sector gave up part …