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 Wednesday, the market opened down ahead of the Fed's policy statement on its bond-buying program. The Fed reported it would decrease bond buying by another $10 billion, after which the market hit a new daily low and closed down for the day. At the… On Tuesday, the market etched a narrow-range, inside day. This was not surprising, as the BIGs are waiting on tomorrow's Fed meeting for guidance on the bond-buying program and interest rates. Today, the Nasdaq gained back +14 points (+0.35%) and the… Tuesday, the market fell lower off the open and set a new daily low. During the noon hour, the market began a slow rise that ended around 3 pm. when it gave up most of the gains by day's end. The market closed in the lower half of the day's range… Last week was a 4-day week due to MLK Day. Tuesday and Wednesday were largely unremarkable, but Thursday and Friday defined the week when the major market indices declined in an orderly, but severe sell off. Volume was heavy, a sign of institutional… On Thursday, the market tumbled off the open and continued the decline until 2:00 pm EST. It regained some ground in the afternoon, but by the close, the Nasdaq had lost -24 points (-0.57%) while the S&P fell -16 points (-0.89%). The Dow finished the…ProTrend ProFiles
Fed's Policy a Downer for the Market
Market Pauses Ahead of Wednesday's Fed Meeting
Market Slows Decline--Eyes on Fed
Market Tumbles in 2 Day Sell Off
Market Tumbles as Institutions Take Profits
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