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.
Monday was a listless day for the market. Volume was lower than average, and market lacked any real direction; it meandered its way through the day and ended relatively flat. Advancers and decliners were about even, and up volume versus down volume… Last week was a shortened trading week (3 1/2 days) due to the Christmas holiday. The Nasdaq gained +1.26%, the S&P rose +1.27%, and the Dow performed best with a +1.59% advance. Volume for the week was below average. It is more difficult to assess… On Tuesday, the market closed early (1:00 p.m.) ahead of the Christmas holiday, and volume was below average. The market opened flat, but it crept up during the day and closed at the highs of the day in narrow range trading. The S&P and Nasdaq have… On Monday, the market opened up and traded sideways in a narrow range day, adding to Friday's advance. The Nasdaq gained +44 points (+1.08%) and made another new high. The S&P climbed +9 points (+.53%) and the Dow closed up +73 points (+0.45%); both… Last week the market ended 12 days of weak, rangy price action and set new all time highs. The strong price action began on Wednesday with the Feds report on interest rates and its bond-buying program. If nothing else, the Fed provided more certainty…ProTrend ProFiles
Market Ends Flat on Low Volume
Friday's Sell Day a Concern
Durable Goods Surprise Leads Market Higher
Market Still in Rally Mode
Market In Rally Mode
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