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.
Wednesdays market was a yawner; it moved sideways throughout the day and closed midrange. Volume was above average, but lower than Tuesday's volume. The Nasdaq Composite added +17 points (+0.41%) and hit new highs today. The S&P gained only +1 points… On Tuesday, the market opened up, and then it fell to test Friday's low. The Nasdaq Composite managed to reverse above Friday's low, while the S&P dipped below before turning up. Both indices closed at the upper half of the day's range, and the… Last week the market ended mixed. The Nasdaq closed up +0.55% for the week and hit a multi-year high. But Friday, it closed down on higher volume; a test of support may occur at 4,180. The S&P closed down -0.20% after failing at a retest of the 31… On Thursday, the market basically opened down and slipped a little lower in the morning session. It gained its footing, but was unable to climb above the morning highs, and the market essentially went sideways for the day. This type of day doesn't… On Wednesday, the World Bank raised its growth forecast for the global economy. This may have spurred bullish optimism, as the US markets opened up and moved higher in the morning session. The market was unable to push higher than the 11:00 am high…ProTrend ProFiles
Market Mixed as Nasdaq Leads Higher
Market Rises Off of Friday's Lows
Market Enters Daily Range
Market Treads Water in Front of Economic Reports
Nasdaq Closes at All Time Highs
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