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 general market started the week on a down day, but two of the indices closed higher by week's end. The Nasdaq gained +54 points (+1.5%), the S&P rose +7 points (+0.45%), but the Dow fell -73 points (-0.49%). Despite the mixed results, it was a… It's hard to trade successfully if you don't consider these three important elements of a trade--Context, Direction, and Timing. Most of us start looking to enter a trade setup based on some timing, or trigger, event. It might be a new high in price…ProTrend ProFiles
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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