“The major index ETFs opened lower and then moved even lower to find a bottom a bit less than two hours after the open. From there, trading was modestly higher to sideways before a retest of that earlier bottom took place in early afternoon. With support in place, the major indexes began to regain some of the days losses as they all finished significantly higher than their lows, giving up a good portion of Tuesday’s gains…”
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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.
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