[Chart courtesy of MarketWatch.com] Moving the Markets For the second day in a row, the major indexes limped slightly lower but ended up closing the out the month on the plus side. The Nasdaq took the lead with +2.5%, followed by the S&P 500 with +1.2%, while the Dow desperately hung on to the unchanged line but conquering it by …
S&P 500 And Nasdaq Eke Out New Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets After the break through the glass ceiling yesterday, the major indexes managed to maintain upward momentum to score gains for the 6th consecutive day recovering all losses sustained during last week’s dump. While the Dow lagged, the S&P and Nasdaq shot up into record territory. Stocks still felt good the morning after digesting …
Last Hour Surge Pushes Indexes To Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets I’ve been mentioning the glass ceiling during recent posts, and today was the day when the S&P 500 managed to break out of a 4-day sideways pattern to close the session at a new record but only by a tiny margin while setting a 2017 volume low. Most of the day was spent …
Bouncing Against A Glass Ceiling
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes managed to stay above the unchanged line throughout the session (on low volume) and kept bouncing against the invisible glass ceiling also known as new all-time highs. There was not enough momentum to break through, and it appears that we’ll be having a fairly quiet week as far as politics …
Stocks And Precious Metals Jump; Dollar Slips
[Chart courtesy of MarketWatch.com] Moving the Markets Another effort to push equities back to levels reached prior to last Wednesday’s sell-off was successful with all three major indexes gaining for the third day in a row as the S&P 500 is now lurking within 8 points of its all-time high and is back in the green for May. However, the …
Bouncing Off The Lows
[Chart courtesy of MarketWatch.com] Moving the Markets Despite the major indexes closing at their lows of yesterday’s session, downside follow through was contained, and a rebound rally materialized but faded into the close. Nevertheless, equities managed to squeeze out some modest gains despite a bloodbath in the Brazilian stock market with EWZ getting spanked at the tune of -16.33%. Ouch! …