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.
Today, the market surprised with a V-type hourly reversal off the Nasdaq 4,100 level. The Nasdaq Composite climbed +69 points (+1.69%, the S&P shot up +19 points (+1.08%), and Dow advanced +115 points (+0.71%). Volume was lower than Monday's volume… On Monday, the market retested the last daily swing high, and could not reach it; instead, the market fell sharply in above average volume. The sell off began at noon and continued into the market close. By the end of the day, the Nasdaq had fallen… Last week the Nasdaq and S&P closed up 3 out of 5 days. Volume was above average for the week. The Nasdaq gained +1.03%, the S&P climbed +0.60%, and the Dow performed the worst by falling -0.20%. Both the Nasdaq and S&P started the week below their… On Thursday, the market basically went sideways. Sideways days are an opportunity for the BIGs to sell or accumulate stock shares without showing their hand. The market moves in both directions, and it is hard to read the conviction of the BIGs. By… Today, the market set the highs and lows of the day in the morning session. then price bounced around inside this range. In the end, results were mixed. The Nasdaq gained +12 points (+0.30%) and the S&P gave up less than a point (-0.02%). Up/Down…ProTrend ProFiles
Market Makes Intraday V Reversal
Market Takes a Nose Dive
Market Makes Mild Gains
Markets Ends Mixed But Risk of Correction Looms
First 5 Days of January Cause Concern
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