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 Monday, the market opened slightly up, but then it fell into the noon. It found support over the lunch hour, then sauntered upward in the afternoon. Around 3 p.m., it sold off mildly but held above the noon time lows. Down volume edged out up… On Monday, the market opened slightly up, but then it fell into the noon. It found support over the lunch hour, then sauntered upward in the afternoon. Around 3 p.m., it sold off mildly but held above the noon time lows. Down volume edged out up… Last week was a 4-day trading week due to New Year's Day. Volume was below average for all 4 days of the week, and all 3 indices gave up ground on the week. The Nasdaq closed at 4,131 (-0.59%), the S&P closed at 1,831 (-0.54%). The Dow was down… On Thursday, the first trading day of the New Year, market participants took profits and sent the indices falling.The Nasdaq fell -33 points (-0.80%), the S&P dropped -16 points (-0.89%), and the Dow gave up -135 points (-0.82%). Volume on the S&P… On Tuesday, the market opened up and started to climb, but at 11 a.m., it began to decline back down to the opening price level. The market appeared like it was deteriorating on the last trading day of the year, and then it suddenly popped in the…ProTrend ProFiles
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Market Notches Best Year Since 2009
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