Staying in touch with current events and market action is important for trading success. This blog contains topics of interest that relate to individual stocks, market indices, market sectors/industries, and ETFs.
Last week, the Nasdaq notched its 5th week in a row of gains. The S&P has been up in 4 out of the last 5 weeks. But the week started out shaky, as Russian troops took over the Crimea. The Nasdaq hit a low of 4,329 on Monday; the S&P hit a low of… On Thursday, the market opened slightly up and initially move higher, but the day ended with mixed results. The Nasdaq hit a new 14-year high, but then it fell and closed below its opening price, down -5 points (-0.13%). The S&P rose +3 points to… On Wednesday, the market spent the entire day moving sideways. Price tested Tuesday's high in the morning session, but retreated and moved sideways the rest of the day. The results were mixed. The Nasdaq closed up 6 points (+0.14) while the S&P… On Monday, the market continued a sell off that began last Friday. The S&P fell -13 points (-0.74%), the Nasdaq dropped -30 points (-0.72%), and the Dow lost -153 points (-0.94%).Volume was weaker than Friday's volume, but the bears were clearly in… Last week, the market hit some new milestones, but the week ended with some concern. The Nasdaq closed at a new 14-year high, and the S&P closed at a new all-time high. The Nasdaq gained +1.05% for the week; the S&P advanced +1.26%, and the Dow rose…ProTrend ProFiles
Market Could Slip in Pullback
S&P Closes at New All Time High
Market Pauses to Digest Tuesday's Gains
Market Digesting News from the Ukraine
Russian Invasion Spooks Market
Historically, August is one of the 4 worst performing months for the S&P 500 (source: Stock Trader's Almanac). This year, the S&P's performance in August fit the history, falling -2.8% during a market correction. The large, blue arrow represents the month of August....keep reading