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 opened weak, and it ranged for most of the day. But at around 2:30 p.m., the market began to drop. The sell off lack volume for a big decline, but the move did wipe out 1/2 of the gains from Monday's strong up day. The Nasdaq… On Tuesday, the market opened with a weak breadth of -200 after closing Monday at +1,600. The market moved slowly higher off the open, setting a new daily high. At around 11 a.m., the market took and dip and returned to near where it opened on the… Last week, the market ended the week mixed. The Nasdaq slipped -1.26%, the S&P was off slightly at -0.14%, and the Dow closed up +0.43%. Volume was lower for the week. The Nasdaq and S&P both closed the week "inside" the prior week's range. That… On Wednesday, the market action was volatile. The Dow fell -45 points at the open, and then rebounded to close up +117 points (+0.72%). The S&P gained +10 points by the close (+0.56%). But the market ended mixed, as the Nasdaq fell -13 points… On Tuesday, the market opened slightly negative and then declined further, never managing to get a strong bounce. By the close, the Nasdaq had fallen -57 points (-1.38%) and the S&P lost -16 points (-0.90%). The Dow finished the day with a loss of…ProTrend ProFiles
Another Low Volume Day
Market Makes New High But Lacks Volume
Market Remains Weak
Market Volatile and Ends Mixed
Market Continues to Show Weakness
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