Previous Tidbits

The action Wednesday was subdued at best. Both the S&P 500 and the NASDAQ posted tiny losses and the small cap index did the same.

The S&P 500, NASDAQ, and Small Cap Russell 2000 took an old-fashioned butt whipping today. Volume picked up from Friday on the S&P 500; the NASDAQ volume was about the same as Friday. And the Small Cap Russell 2000 just got beat up.

Nvidia posted earnings yesterday, and my thoughts proved true: this is a sell-on earnings quarter.

The S&P 500 and the NASDAQ have been limping higher over the past 2 weeks. The last decent up-volume day was about 2 weeks ago.

The market waited for the Federal Reserve to speak on Friday. The S&P 500 +1.05%, NASDAQ +1.08%, and Small Cap Russell 2000+ 3.19% in weekly gains, while the volume was subdued.

The recent 8-day rally has been impressive by the numbers. Today, the winning streak was snapped. But don't be fooled.

The week of August 12th–15th was a great week for stocks.  The S&P 500 closed the week with a gain of 3.65%, the NASDAQ with a gain of 4.91%.

The NASDAQ and S&P 500 posted nice gains today, with both markets closing at session highs.  Both indexes are closing in on the high numbers I mentioned.

As I mentioned in my bio and our mission about the truth, we will attempt to educate you, temper your fear, and neutralize the anxiety the news can create.

The markets had a great week. The S&P 500 started the week at approximately 5,150 and closed at 5,344, a gain of approximately 3.7%. Buy-side volume was not impressive on Thursday and dismal on Friday.