Volatility continues in the stock market as all the indices had a big bounce today. The DJIA was up 235 points and the Nasdaq up 102 points. This move led to another low reading on the TRIN and I talk about this in tonight’s Weekday Market Wrap video. Also tonight I look at the German DAX, Shanghai Composite and the Hang Seng index. Continue reading
China’s PMI Manufacturing reading came out overnight and was the lowest reading since March 2009. So the world’s 2nd largest economy is struggling and that is weighing on the global economy, commodities and markets.
In today’s Weekday Market Wrap video we check in on the German DAX, Shanghai Composite Index and the Hang Seng Index. Yesterday the DAX closed below the August 24th sell-off close. The U.S. indices haven’t done that yet. Continue reading
The DJIA was up 293 points today as volatility continues to ripple thru the global markets. Several of the global markets have made efforts at retesting the August 24-25 low but so far the U.S. markets haven’t. I review several of the global markets along with our market in tonight’s Weekday Market Wrap video. I also review the two big percentage gainers of the 56 stocks I am closely watching. Continue reading
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