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 was weak off the open but was able to gain back some losses before a small sell off at the end of the day. Market breadth was negative for most of the day. Volume was lighter, so the down day was not due to heavy selling by… On Tuesday, the market opened up and crept upward in the morning session; it dipped during the noon hour, but it recovered and closed strong. The S&P closed back at the morning session's highs while the Nasdaq motored ahead and made a higher close… On Wednesday, investors digested more earnings reports, and the FOMC April minutes were released. The market opened up and rose in the morning session. The afternoon session added to the gains. The Nasdaq climbed +34 points (+0.85%), the S&P rose +15… On Tuesday, the market opened with weak breadth and declined throughout the day. Today's decline broke the short streak of 2 up days in row and erased all of Monday's gains (S&P). Poor earnings reports by some high profile retailers likely… On Thursday, the market opened slightly down and fell quickly in the morning session. After finding support over the noon hour, the market gradually moved to the upside, but it was not enough to retake much of the day's losses. Today was a broad sell…ProTrend ProFiles
The Market Pauses for a Day
Market Ends Correction
A Positive Day But the Market Needs Volume
Market Breaks Win Streak
Market Falls on Higher Volume
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