November 2013

Volume Light Before Thanksgiving

Charles Schaap

On Wednesday, the Nasdaq notched its 5th up day in a row, rising +27 points (+0.67%) and extending its record highs. Both the S&P and Dow sold off during the noon hour, but recovered enough to end the day about flat. The S&P closed up 4 points…

Nasdaq Makes Another New High

Chalres Schaap

On Tuesday, market volume increased compared to Monday. The Nasdaq advanced throughout the day, gaining 23 points (+0.58%) and hitting a new high. In contrast, the S&P and Dow started the day by testing yesterday's lows, and then they gradually…

Thanksgiving Week Starts Weak

Charles Schaap

Monday, the general market opened slightly up, and then it entered a range for most of the day. In the afternoon, there was a small sell off, but no real damage was done. This is Thanksgiving week, so we could see more uneventful action this week…

Market Rising but Stock Performance Mixed

Charles Schaap

Last week, the market began with 3 consecutive down days and ended the week with 2 consecutive up days. The result was a modest gain for the general market. The S&P 500 gained +0.37% on the week, while the Nasdaq Composite advanced +0.14%.The Dow…

Dow Hits Record 16,000

Charles Schaap

On Thursday, the Dow hit an all time high of 16,000. The general market ended a 3-day slide by rebounding with a solid uptrend day. The Nasdaq rose +47 points (+1.22%), the S&P 500 climbed +14 points (+0.81%), and the Dow closed up 109 points…