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 Tuesday, The market opened up, but it could not hold the gains. The market pulled back in the morning session, then continued falling and did not find support until the noon hour. The lows for all three major indices held above Monday's lows, and… Last week, the market closed up, but just barely. While the week had made upside progress going into Thursday, Friday sold off on high volume due to Triple Witching and index rebalancing. The market closed near the lows for the week, which was… On Thursday, the market retested the "Yellen sell off low" from Wednesday, and price held above it. This established a support level for the market to bounce. Small caps and mid caps under performed. The S&P and Dow advanced more than the Nasdaq… On Wednesday, the market moved sideways in the morning session while waiting for Fed Chairwoman Janet Yellen to give her news conference. According to Yellen, the bond buying program is scheduled to end around January 2015 and interest rates will be… On Tuesday, the market opened up, climbed in the morning session, and held its gains into the close. Small cap stocks owned the day, with the Nasdaq up +53 points (+1.25%) and the Russell 2000 climbing +16 points (+1.41%). The S&P rose +13 points…ProTrend ProFiles
Market Closes Up But Weak
Market Flashing Sell Warning
Market Bounces Off "Yellen Low"
Yellen Comments Sparks Sell Off
Yellen Could Spark Rally
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