Tag Archives: SCHC

S&P Defends Its 2,500 Level

[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes zigzagged throughout the session but ended up on a sour note by trending towards the day’s lows. The S&P 500 managed to defend its 2,500 level successfully—so far. Not helping … Continue reading

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Fed Plans To Scale Back Stimulus; US Dollar Spikes; Dow & S&P Set New Records

[Chart courtesy of MarketWatch.com] Moving the Markets I had to laugh this morning when some news reports called the Nasdaq as having “plunged” in view of Apples weakness (-1.68%). It turned out that the Nasdaq merely retreated a meager -0.3% … Continue reading

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Wall Street Bets On ‘No Interest Rate Hike’

[Chart courtesy of MarketWatch.com] Moving the Markets Despite past warnings by the Fed that more interest hikes might be forthcoming, reality appears to show a different picture. As I have posted almost daily, the 10-year bond yield spiked and made … Continue reading

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Hurricane Irma Strikes…Markets Rally

[Chart courtesy of MarketWatch.com] Moving the Markets Sure, why not? After hurricane Harvey’s strike in Texas, which is still trying to get a handle on the amount of devastation and costs to rebuild, Irma struck Florida this weekend wreaking havoc … Continue reading

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Financials Tumble; Major Indexes End Mixed; Dollar Plunges

[Chart courtesy of MarketWatch.com] Moving the Markets A host of events joined forces to keep equities in a state of uncertainty. It started with an ugly jobs data report showing that jobless claims spiked the most in 12 years, in … Continue reading

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Energy Rebound Assists Equities

[Chart courtesy of MarketWatch.com] Moving the Markets The markets were in rally mode, albeit modest, right after the opening bell and never looked back with the S&P 500 gaining +0.31%. Contributing to today’s bullish mood was some de-escalation with N. … Continue reading

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