Today, the market advanced off the opening in what appeared like a breakout day. The Nasdaq had finally broken above the March high and surpassed it by +28 points. Over the noon hour, everything changed. The market began to sell off around 1:00 p.m…
On Wednesday, the market drifted down off the open in light-volume selling as investors waited for the FOMC decision on tapering and interest rates. The Fed's decision was to reduce the asset purchases (bond buying) by $10 billion; this lowers the…
On Monday, the market began the day by rising, but then it began a decline over the noon hour. The market found support in the afternoon session and bounced up to close slightly higher. The Nasdaq gained +14 points (+0.34%) while the S&P could only…
Last week was a shortened trading week due to Memorial Day observance on Monday. The market correction ended on Tuesday. The market closed higher for the second week in a row. The Nasdaq gained +1.36% for the week and is firmly above its 50 EMA. The…
