Pro Blog

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. 

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Durable Goods Surprise Leads Market Higher

Charles Schaap -
On Tuesday, the market closed early (1:00 p.m.) ahead of the Christmas holiday, and volume was below average. The market opened flat, but it crept up during the day and closed at the highs of the day in narrow range trading.
 
The S&P and Nasdaq have been up 4 out of the last 5 days. Advancers beat decliners by a 2 to 1 ratio, and up volume outpaced down volume a ratio of over 3 to 1. The Nasdaq closed up +6 points (0.16%) and the S&P finished the day up +5 points (+0.29%). 

A bullish piece of economic news was also released Tuesday which likely helped the bullish sentiment. The Commerce Department reported that durable goods orders rose by 3.5% for November, a sign of strength in the manufacturing sector of the economy. This is positive news for the economy as we head into 2014.

 

September Could Be Worse than August
Charles Schaap - August 30, 2013

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