Markets Take A U-Turn Into The Red

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets A follow-through rally ran into a brick wall, took a U-turn, and headed south with the major indexes being pulled off their lofty levels and below their respective unchanged lines. The early burst higher was based on hope that the worst economic damage is now in the past with shutdowns continuing to ease. …

Leaving Overhead Resistance In The Dust

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets After the Dow and the S&P 500 battled with their overhead resistance yesterday, it was a different story today, when, after some early morning bobbing and weaving, the major indexes reestablished upward momentum and off we went. You would have thought that dismal economic data and rising US-China tensions would have imparted a …

Fighting To Conquer Key Levels

Ulli Market Commentary Contact

Moving the markets Attempting to cross psychologically important key levels to the upside was the name of the game today with the Dow trying to conquer the 25,000 obstacle, while the S&P 500’s goal was trouncing the 3,000 number. Both succeeded intraday, but a late sell-off pulled the indexes back below, as reports surfaced that the US was considering transaction …

Levitating Higher

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Today, upbeat quarterly earnings results from Target and Lowe’s set a positive tone and sent the major indexes to 10-week highs. However, as soon as news of a bill to delist Chinese companies from the US exchanges cleared the senate, equities came off their best levels of the day. The focus remained predominantly …