“The major index ETFs opened lower and then moved into positive territory in the first half hour of trading. When the New Home Sales report was released, the market dove and that slide wasn’t arrested until the early afternoon. That move was likely prompted by market participants anticipating a benign Fed policy statement, and after some indecision after that release at 2:00pm EST, the market began to move sharply higher and closed near the day’s high. This was across all indexes we cover (except for TLT which tends to move inversely to the other indexes). The 20+ year Lehman Bond (TLT 91.56 -0.05) closed modestly lower. Volume was modest on the NYSE trading 1.098B shares. Volume also decreased at the NASDAQ trading 2.273B shares…”
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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.
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.
Sign up for a free one-year subscription to EQUITIES Magazine
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.
Sign up for a free one-year subscription to EQUITIES Magazine
