[Chart courtesy of MarketWatch.com] Moving the markets What a difference a day makes! As much as yesterday’s trade-war fears were the culprit contributing to the early market dump, today’s easing of those fears helped spark an early rally that continued the rebound and led to the Dow’s first 3-day win streak in a month. While the early rally ran out …
Massive Sell-Off Turns Into Solid Gains
[Chart courtesy of MarketWatch.com] Moving the markets The chart above showing today’s rebound simply does not do justice to what actually happened. Right after the opening bell, the Dow plunged some 600 points only to begin a slow comeback and, along with the other major indexes, managed not only to recoup all early losses but turn the session into solid …
Tech Sector Imitates A Swan Dive
[Chart courtesy of MarketWatch.com] Moving the markets And it all started so peacefully. The markets opened on the plus side, after Monday’s euphoric rebound, when, after hugging the unchanged line for a while, the bottom suddenly dropped out, and the tech sector (-3.5%) did its best imitation of a swan dive pulling the entire equity arena with it. In the …
Snap-Back Rally Propels Equities Higher
[Chart courtesy of MarketWatch.com] Moving the markets The much feared wave of selling that dominated last week came to a sudden end when the major indexes opened higher, pulled back slightly and then rocketed into the close thereby recording their largest one-day percentage gains since the middle of 2015. The bulls finally showed signs of life supported by reports that …
Trade War Threats Hammer Markets; ‘Buy’ Signals Remain Intact
[Chart courtesy of MarketWatch.com] Moving the markets I was thinking this morning that something had changed in the markets over the past week or so. All of a sudden, stocks seem to react to day-to-day headline events and no longer consider ‘any’ news as good news for the bullish crowd, which is what we saw throughout 2017. Supporting a similar …
Indexes Slip On Hawkish Fed
[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes gyrating wildly above their respective unchanged lines, ahead of the Fed, in the end, the elevated levels did not hold and we slipped slightly into the red. The big winners after the interest rate hike were Gold and Crude Oil. There wasn’t really anything in the Fed announcement that …