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.
On Thursday, Janet Yellen testified before the Senate Banking Committee, saying the Fed planned to continue its bond tapering program, but she also recognized the recent slowing of the economy. Yellen said the Fed would remain responsive to potential… On Wednesday, the market opened relatively flat and was able to creep upward into the noon hour. But around 2:00 pm, the market plunged, erasing all gains from the morning session. A small, late-day bounce kept the market from closing lower. Instead… On Thursday, the market market tested lower, undercutting Wednesday's low, but then it rebounded in the second hour of trading and closed near the highs of the day. The day's action may represent a bounce off of the 10 SMA will establish a new… On Wednesday, the streak of 8 consecutive up days for the Nasdaq came to end as the market sold off on higher than average volume. Yesterday, the Nasdaq closed +26 points above the January high of 4,246. Today, it closed -9 points below the prior… Last week continued the market bounce, especially in the leading Nasdaq Composite which closed up for its 7th consecutive day. The Nasdaq gained +2.8% for the week; the S&P rose +2.3%, and the Dow was up +2.28%. The Dow managed to get above its 50…ProTrend ProFiles
Nasdaq Makes New High
Fed to Speak to Banking Committee Thursday
Market Bounces, But How High?
Nasdaq Streak Ends on a Sell Off Day
Market Set to Test Breakout at January High
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