[Chart courtesy of MarketWatch.com] 1. Moving the Markets 2016 has been awful so far for the bulls, with the Dow logging its worst three-day stretch in a new year since the financial-crisis days of 2008. All major indexes closed at least 1.15% lower today and there were no signs of a change to come. Some news agencies are blaming the …
2015 Ends With An Ugly Close
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks closed out the final trading day of 2015 with both the Dow and S&P 500 suffering their first year of negative returns since 2008 when the financial crisis was in full swing. Both benchmarks were on the verge of a positive year at the start of today’s trading session, with …
Volatility Remains The Word Of 2015
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell Wednesday, with losses accelerating towards the closing bell. This is the next-to-last day of trading in 2015, which has turned out to be a disappointing year for investors that have seen stocks trade sideways and post flat return for the most part. After today’s trading session, the S&P 500 is …
Gaining For The Third Day On A Rebound In Oil
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Again, jumping oil prices were the driving force behind today’s rally as the indexes managed to extend gains for the third day in a row almost wiping out the “post interest rate” losses of last week. Global crude prices soared after inventory dropped an unexpected 5.9 million barrels last week reviving hope …
Crude Oil Bounces And Pushes Indexes Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Finally, crude oil showed some signs of life by bouncing off its multi-year lows and gaining 1% for the day. The effect on the major indexes was a positive one as they got pulled higher along with all 10 S&P sectors despite the plunge in existing home sales (-10.5%). Still, extreme December …
Rallying Into The Close
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Oil prices headed south again but investors did not care as domestic indexes were mixed early on but suddenly rallied into the close as choppiness prevailed. There was no news event supporting the sudden intra-day trend reversal as energy showed continued weakness and European markets suffered a severe sell-off. With the volatility …