ProTrend ProFiles

Bears Still in Control

Charles Schaap

On Thursday, the market opened up and advanced for the day, erasing more than half of the losses from Monday. The Nasdaq gained +45 points (+1.14%), the S&P rose +21 points (+1.24%), and the Dow increased by +188 points (+1.22%). Volume was lighter…

Market Struggles to Rebound

Charles Schaap

On Wednesday, the market opened down and declined further in the morning session, retesting Monday's low. The lows held, and the market was able to rise and close in the upper end of the day's range. But this is the second day in a row that the…

Market Losses Worsen

Charles Schaap

January experienced the worst monthly market decline since 2012, and February started out with increased market weakness. Investors bailed out of stocks Monday in a broad sell off which saw the Dow decline -326 points. The Nasdaq broke support at the…

January Marks Worst Month Since 2012

Charles Schaap

Last week the market closed down for the second week in a row. The S&P 500 lost -0.43%, the Nasdaq Composite slipped -0.59%, and the Dow gave up -1.14%. The S&P has fallen -3.8% off the January highs. January had the market's worst monthly…

Market Gains on Thursday

Charles Schaap

On Thursday,the market opened up and continued higher until 1:00 p.m., then price moved sideways and declined into the close. While the market did not finish the day strong, it did make significant gains. The Nasdaq Composite gained +74 points…