Beverly Hills 1/16/2010 4:46:40 AM
News / Business

New Closing Highs But Narrow Leadership

Mark McMillan’s Special Situations blog, EQUITIES Magazine

Financial expert Mark McMillan talks about what happened this week and gives his ideas for what’s to come.

 

“The major index ETFs opened lower and after testing briefly lower in the opening minutes, began to move in sync, at first higher and then, within an hour of the open lower. After the NASDAQ-100 and S&P-500 tested down to the lows seen in the opening minutes, all the indexes began to move higher. The Dow and Russell-2000 never retested all the way down to their lows and both finished in uptrend states…”

 

To continue reading this post and to read more of Mark McMillan’s Special Situations, click here.

 

About Mark McMillan:

 

Mark McMillan entered the world of finance to solve the problem of why and more importantly when the markets will go up and down. He developed a behavioral model to understand what is really happening in the markets and uses it to time the markets. He also uses fundamental research to determine valuations for companies. He combines the behavioral and value strategies along with macro-economic analysis to build a portfolio with both long term and tactical positions.

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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