Market strategist Mark McMillan gives his trade recommendations and predictions of what’s to come.
“The major index ETFs opened higher and traded higher through the session with some pull backs along the way. From a technical perspective, all the major indexes are trading inside their lower Bollinger Band and around their 100-Day Moving Averages (DMA). The Dow is trading above its 100DMA while the S&P-500 and Russell-2000 are trading at their 100 DMAs and the NASDAQ-100 and Semiconductor Index (SOX 325.72 +9.65) are trading below their 100-DMAs. The 20+ year Lehman Bond (TLT 91.15 -1.16) moved back below its 50-Day Moving Average (DMA). Volume on the NYSE dried up to a light 1.037B shares. Volume at the NASDAQ was also light trading 2.196B 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.
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