Beverly Hills 2/18/2010 3:57:29 AM
News / Business

Dollar Down, M&A Up

Mark McMillan’s Special Situations blog, EQUITIES Magazine

Market expert Mark McMillan gives his trade recommendations for the day and discusses what the markets are doing.

“The major index ETFs opened higher and then dipped in the first half hour threatening to test down to the prior close but stayed positive and then began to move higher the rest of the morning. Late in the morning, the advance halted and trading action was sideways until the late afternoon. A further modest surge occurred late in the day with the major indexes closing just off their highs. The Russell-2000 and Semiconductor Index (SOX 340.96 +8.12), mimicked these moves as well. Even the Regional- (KRE 23.86 +0.52 +2.2%) and Diversified- (KBE 22.81 +0.58 +2.6%) Bank Indexes participated. The 20+ year Lehman Bond (TLT 90.36 +0.17) moved higher after opening lower (on its lower Bollinger Band). Generally, bonds move inversely to equities. Volume on the NYSE was light trading 1.081B shares. Volume at the NASDAQ was light at 2.015B 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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