[Chart courtesy of MarketWatch.com] 1. Moving the Markets After two days of gains, it was time for a reversal. To no surprise, the culprit turned out to be another failed set of negotiations between Greece and its EU creditors. It was the Greek headlines that moved the markets to the downside, as disappointment over progress prevailed. Another meeting was scheduled …
Edging Up On Low Volume
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Gains are better then losses; even if they’re small! That was the case today as the major indexes hugged the unchanged line but managed to close on the plus side. The Nasdaq eked out another record as the waiting game in the Greek saga continues. More clarification is needed to see if …
Fed Signals Gradual Tightening—Indexes Inch Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a choppy session as the indexes rallied at first, pulled back mid-day, rallied again and sold off into the close but managed to stay above the unchanged line. As expected, the Fed left interest rates unchanged while the commentary pretty much remained the same as in “we’ll watch economic data” …
Finding Upward Momentum
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Finally, the major indexes found some some lost upward momentum and closed higher in the face of unsuccessful Greek talks and the widely anticipated outcome of a two-day Fed meeting the results of which will be published tomorrow. However, trading was cautious as volume remained very low. While the outcome of the …
Equities Edge Higher On Positive Retail Sales
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P shot out of the gates early on and, while the index was not able to hang on to the gains, it managed to eke out 4 points for the day. All major indexes closed on the plus side. Providing momentum were improved retails sales (+1.2% in May), which supports the …
Greece Plans Looking Up; Oil Continues To Rise
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks surged and bond yields hit nearly nine-month highs today as good news on Greek debt talks and U.S. wage growth encouraged investors to take some risk and invest. The mere hint of a thaw in the deadlock between Greece and its eurozone creditors is being viewed as a major positive by …