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 Thursday, the Dow and S&P both declined for the 5th consecutive day. The Nasdaq recorded its 3rd down day out of the last 5. But volume was lighter than Wednesday, and price did not decline below Wednesday's low. The price action was more of a… Wednesday was a "woop-de-doo" day, and you needed a well-fastened seat belt on your trading desk chair. The market opened slightly lower, retesting Tuesday's low. Around 10:00 a.m., the market suddenly surged higher; the S&P rose 11 points in about… On Tuesday, the general market opened weak and deteriorated throughout most of the day. However, by 2:30 p.m, the market found support and managed to close up off the lows. The Nasdaq closed down -8 points (-0.20%), the S&P lost -5 points (-0.32%)… The Nasdaq Composite was able to extend its winning streak to 6 consecutive up days. The index closed at 4,059, up +1.71% for the week. The S&P traded mostly sideways last week but was able to remain above the 1,800 level by 5 point; it finished the…ProTrend ProFiles
S&P Slides for 5th Consecutive Day
Market Whoop-de-doo Day
Market Closes Off its Lows
Market Susceptible due to Weak Breadth
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