[Chart courtesy of MarketWatch.com] Moving the markets The 3-day really came to an end today with the major indexes pulling back but rallying off their session lows to limit damage. The late day rebound was the result of an announcement that Trump was told by Rosenstein that he was not the target of the Mueller investigation. That lifted the …
Hanging On To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets The Dow was the weakling of the day as IBM got spanked at the tune of -7.53%, which equaled a loss of 84 points on the Dow. We had a positive opening, followed by a dump and pump and a soft slide into the close with 2 out the three major indexes managing …
Markets Pop On Earnings Cheers
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s solid gains, equities followed through with another session marked by bullish sentiment, as the major indexes piled on gains for the second straight day. The S&P 500 conquered its 50-day M/A to the upside and closed at a level last seen on March 19. The rally was broad with all 11 …
Markets Gain Broadly As Geopolitical Tensions Wane
[Chart courtesy of MarketWatch.com] Moving the markets By the time the opening bell rang this morning, the lobbing of a bunch of missiles into useless Syrian targets on Friday had been long forgotten with the focus now having shifted to the upcoming earnings season. Everything appeared to be positive for the market with the S&P 500 honing in on its …
Geopolitical Tensions Push Markets Lower
[Chart courtesy of MarketWatch.com] Moving the markets At least for one day, the U.S./China trade war battles were moved to the back burner, as geopolitical tensions dominated headline news, after tweets from President Trump that a military strike in Syria might be a possibility. That immediately ratcheted up verbal tensions with Russia, and the markets ended up being the fall …
A Giant Bullish Illusion
[Chart courtesy of MarketWatch.com] Moving the markets And it all looked so promising for the bulls this morning. The major indexes were broadly higher right after the opening bell when, about mid-day, things started to fall apart, and we were lucky to score any gains at all—thanks to the closing bell. Driving the market early on were comments from Trump …