ProTrend ProFiles

Market Rebounds on Weak Volume

Charles Schaap

On Monday, the market opened up and rose off the open, then settled into a sideways consolidation for the remainder of the day. The Nasdaq gained +34 points (+0.81%), the S&P rose +17 points (+0.96%), and the Dow climbed +181 points (+1.13%)…

Market Fear is Rising as Price Falls

Charles Schaap

Last week, the market fell, leaving the S&P 3% off the all time high it set the 2 weeks ago. There was a lot for investors to digest--Russian takeover of Crimea and the Sunday's referendum to annex the region into Russia, economic weakness in China…

Market Tumbles and Closes Near Lows

Charles Schaap

On Thursday, the market opened up, but then it quickly entered a decline that persisted throughout the day. The Nasdaq Composite fell -62 points (-1.46%), the S&P lost -21 points (-1.17%), and the Dow Jones Industrial Average lost -231 points…

Market's Fall Raises Concern

Charles Schaap

On Tuesday, the market rose above yesterday's highs, but then fell and consolidated over the noon hour. In the afternoon, the market continued its decline and closed below yesterday's low. The Nasdaq closed -16 points below its 10 SMA, but the S&P…

Market Declines Slightly on Weaker Volume

Charles Schaap

On Monday, the market opened down and declined further in the morning session. The Nasdaq fell -27 points to 4,307. This tested below the gap up day low from last Thursday (4,327). After 11:00 a.m., the Nasdaq bounced and worked its way higher…