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 fell in the morning session, and then it bounced in the late afternoon to close in the midrange for the day. Volume was lower today, so the selling was not heavy, but the weakness was a reminder that this bull market may be… On Tuesday, the market opened higher and climbed higher, then it fell to test the opening price. It held, and climbed higher in the afternoon, closing near the highs of the day. This was the 3rd day in a row that the market has opened up, but this is… Last week, the market tumbled on high volume, pushing the market into a correction. The Nasdaq sliced through its 50 EMA and lost -2.83%. The S&P fared better with a -0.48% loss, and the Dow survived with a +0.12% gain. The small-cap Russell 2000 was… On Thursday, the market spent the day in a broad range, digesting the losses from Wednesday's high-volume sell off. What's significant, is that the market did not rebound, and this supports the current assessment that we are in a correction. The… On Wednesday, the market opened up and ranged for the first 45 minutes of the day, but then price began declining, and it continued to deteriorate throughout the day.The market breadth, which had opened at +1,600, made a huge turnaround, dropping…ProTrend ProFiles
Market Showing Weakness at New Highs
S& P 500 Makes New All Time High
Market Tumbles Last Week
Market Digests Its Losses
Market Shifts into Correction
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