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 Monday, the market opened up and rose off the open, then settled into a sideways consolidation for the remainder of the day. The Nasdaq gained +34 points (+0.81%), the S&P rose +17 points (+0.96%), and the Dow climbed +181 points (+1.13%)… Last week, the market fell, leaving the S&P 3% off the all time high it set the 2 weeks ago. There was a lot for investors to digest--Russian takeover of Crimea and the Sunday's referendum to annex the region into Russia, economic weakness in China… On Thursday, the market opened up, but then it quickly entered a decline that persisted throughout the day. The Nasdaq Composite fell -62 points (-1.46%), the S&P lost -21 points (-1.17%), and the Dow Jones Industrial Average lost -231 points… On Tuesday, the market rose above yesterday's highs, but then fell and consolidated over the noon hour. In the afternoon, the market continued its decline and closed below yesterday's low. The Nasdaq closed -16 points below its 10 SMA, but the S&P… On Monday, the market opened down and declined further in the morning session. The Nasdaq fell -27 points to 4,307. This tested below the gap up day low from last Thursday (4,327). After 11:00 a.m., the Nasdaq bounced and worked its way higher…ProTrend ProFiles
Market Rebounds on Weak Volume
Market Fear is Rising as Price Falls
Market Tumbles and Closes Near Lows
Market's Fall Raises Concern
Market Declines Slightly on Weaker Volume
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