ProTrend ProFiles

The Market Pauses for a Day

Charles Schaap

On Wednesday, the market was weak off the open but was able to gain back some losses before a small sell off at the end of the day. Market breadth was negative for most of the day. Volume was lighter, so the down day was not due to heavy selling by…

Market Ends Correction

Charles Schaap

On Tuesday, the market opened up and crept upward in the morning session; it dipped during the noon hour, but it recovered and closed strong. The S&P closed back at the morning session's highs while the Nasdaq motored ahead and made a higher close…

A Positive Day But the Market Needs Volume

Charles Schaap

On Wednesday, investors digested more earnings reports, and the FOMC April minutes were released. The market opened up and rose in the morning session. The afternoon session added to the gains. The Nasdaq climbed +34 points (+0.85%), the S&P rose +15…

Market Breaks Win Streak

Charles Schaap

On Tuesday, the market opened with weak breadth and declined throughout the day. Today's decline broke the short streak of 2 up days in row and erased all of Monday's gains (S&P). Poor earnings reports by some high profile retailers likely…

Market Falls on Higher Volume

Charles Schaap

On Thursday, the market opened slightly down and fell quickly in the morning session. After finding support over the noon hour, the market gradually moved to the upside, but it was not enough to retake much of the day's losses. Today was a broad sell…