Tag Archives: COMP

Major Market Indexes Lose Face-Off with Gravity; Europe Dives

[Chart courtesy of MarketWatch.com] I did not think it was possible that the markets were actually able to lose a face-off with gravity after their relentless and almost uninterrupted ascent since mid-November. Even the by now well documented afternoon “lift-a-thon” … Continue reading

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Up, Up And Away; Dow Hits 2007 High; Europe Touches 23-Month High

[Chart courtesy of MarketWatch.com] Equity ETFs mostly advanced today with the Dow Jones Industrial Average hitting a five-year high after data released showed continued improvement in housing and companies including Pfizer and Valero Energy reported earnings that beat estimates. The … Continue reading

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S&P 500 Clings To 1,500 Level As Housing Disappoints; Europe Mixed

[Chart courtesy of MarketWatch.com] US equity indexes mostly finished lower with the S&P 500 snapping its longest rally since 2004 as a decline in pending home sales offset a rise in durable-goods orders while investors seemed reluctant to make fresh … Continue reading

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Equities Get Bruised Again; Middle East Weighs; Europe Sinks

[Chart courtesy of MarketWatch.com] Equities finished sharply lower Wednesday to extend losses into the third straight session this week, as major averages fell to multi-month lows over concerns about the upcoming budget debate. Markets turned jittery on news of conflict … Continue reading

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More Downside Pain: A Swan Dive Into The Close; TTI’s Still Hang On To The Bullish Side Of The Trend Line—So Far

[Chart courtesy of MarketWatch.com] The equity markets picked up where they left off yesterday and continued with their best imitation of a black diamond ski slope as the major averages got crushed for the second day in a row. Many … Continue reading

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Major Market ETFs Caught In Downward Spiral; TTIs Remain Above Their Trend Lines; Europe Heads South On German Worry

US stocks slumped Wednesday after a sell-off on Wall Street gained momentum as investors focused on the looming fiscal cliff and Europe’s debt crisis. The Dow Industrials logged its worst daily decline since November 2011 following President Barack Obama’s re-election … Continue reading

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