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 Nasdaq notched its 5th up day in a row, rising +27 points (+0.67%) and extending its record highs. Both the S&P and Dow sold off during the noon hour, but recovered enough to end the day about flat. The S&P closed up 4 points… On Tuesday, market volume increased compared to Monday. The Nasdaq advanced throughout the day, gaining 23 points (+0.58%) and hitting a new high. In contrast, the S&P and Dow started the day by testing yesterday's lows, and then they gradually… Monday, the general market opened slightly up, and then it entered a range for most of the day. In the afternoon, there was a small sell off, but no real damage was done. This is Thanksgiving week, so we could see more uneventful action this week… Last week, the market began with 3 consecutive down days and ended the week with 2 consecutive up days. The result was a modest gain for the general market. The S&P 500 gained +0.37% on the week, while the Nasdaq Composite advanced +0.14%.The Dow… On Thursday, the Dow hit an all time high of 16,000. The general market ended a 3-day slide by rebounding with a solid uptrend day. The Nasdaq rose +47 points (+1.22%), the S&P 500 climbed +14 points (+0.81%), and the Dow closed up 109 points…ProTrend ProFiles
Volume Light Before Thanksgiving
Nasdaq Makes Another New High
Thanksgiving Week Starts Weak
Market Rising but Stock Performance Mixed
Dow Hits Record 16,000
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