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 market did a nose dive, erasing all of Wednesday's gains and more. As alluded to in yesterday's email, the Nasdaq tested its 50 EMA today (from below) and was summarily rejected. Both the S&P and Dow blasted down through their 50… On Wednesday,the general market slowly ate away overhead supply in the morning session, and then it gained momentum in the afternoon. It surged higher immediately following the release of FOMC minutes which indicated support for a more accommodative… On Tuesday, the market opened relatively flat and retested Monday's lows. The lows held, and the market rebounded weakly, breaking the market's 3-day losing streak. Today was a day for the market to digest the losses from the last 3 down days. Range… On Monday, the market continued its decline on above average down volume. The Nasdaq fell another -47 points (-1.16%), while the S&P lost -20 points (-1.05%) This was the 2nd day in a row that both indices posted losses in excess of -1%. Today… Last week, the market gave investors a roller coaster ride, rising at the beginning of the week and falling at the end of the week. The beginning of the week saw new all time highs in the S&P and Dow. The Nasdaq, which had fallen to its 100 day…ProTrend ProFiles
Market Tumbles and Erases Gains
Market Surges on FOMC Minutes
Market Digests Losses
Market Continues Decline
Market Correction Resumes
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