[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities managed to inch higher for the 4th day in a row and added to their recent gains. From last Wednesday’s low for then month, the S&P has managed to rally over 3%, which was strictly based on hope for a resolution in Greece. Today’s downer was the disappointing June retail sales …
Solid Gains For 3rd Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bulls had their way as the rally continued for the third straight day with the S&P 500 reclaiming the 2,100 level. The driver was a new agreement, where Greece ended up in total capitulation by giving up much sovereignity in turn for a third bailout program. This type of deal came …
Equities Tumble—The International TTI Slips Into Bear Market Territory
[Chart courtesy of MarketWatch.com] 1. Moving the Markets For a change, at least on Wall Street, the problems in Greece seemed to have moved to the back-burner, while issues in China, such as their over 30% stock market slide in the past 3 weeks took center stage. The concern is that China’s equity slide will hurt their economy, the second …
Equities End See-Saw Session On The Plus Side
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After yesterday’s downside debacle, it was only fitting to see some kind of a rebound attempt even though it was not nearly enough to make a dent in the losses the indexes sustained. It was nothing more than a “hope” rally with the latest news out of Greece being vague and non-inspiring …
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 …
Three Down Days In A Row
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Last week’s slide continued as the major indexes headed south again, and even the last hour’s rebound attempt had no staying power, so we closed at the day’s lows. We’re stuck in a slump with the Dow now having dipped into negative territory year-to-date, while the S&P 500 has come off its …