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.
The market opened sluggish on Wednesday, lacking directional conviction. This was not surprising, since the market participants were waiting for the 2 p.m. release of the FOMC minutes (from the meeting held on October 30th). After the minutes were… The market opened relatively flat on Tuesday and drifted lower during the day. The Nasdaq closed down -17 points (-0.44%), the S&P fell -3 points (-0.20%), and the Dow slipped -8 points (-0.06%). Volume was less than Monday's volume. The down volume… Monday was all about the news and the blues. The news was that the Dow hit 16,000 and the S&P hit 1,800. The blues was that the market sold off in the afternoon. The market opened higher this morning, and then it went sideways, coiling on the 5 min… Last week, was a key week for the major indices. The S&P and Dow hit all time highs while breaking out of a daily range at the 10 SMA. The Nasdaq Composite hit a 13-year high as it rose above its range pattern. On a solid week of trading, the S&P… 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 fit the history, falling -2.8% during a market correction. The large, blue arrow represents the month of…ProTrend ProFiles
Market Falls After FOMC Minutes Released
Market Slips Further After Key Reversal Day
The News and the Blues
S&P and Dow Hit All Time Highs
The Correction Appears Ripe for Rebound
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