“The major index ETFs opened mixed and headed lower in unison from the open. That decline wouldn’t be arrested until the early afternoon when the major indexes began to head higher through the afternoon. The final fifteen minutes saw increased selling pressure yet again as the major indexes dropped off sharply into the close. The Russell-2000 and the Bank Indexes hit their bottoms in late morning trading, so some participants were itching to get in at lower prices before the major indexes turned around. In fact, the Diversified Bank Index (KBE 23.30 +0.11) actually closed higher on the day, although it closed well off its higher open…”
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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:
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