Although it has been a challenging week for stocks, April option expiration is generally bullish across the board
Fortunately, corrections tend to be smaller than rallies, and that’s what gives the stock market its long-term upward bias.
There are many holidays and special occasions that are observed by people, but not by the market.
When yield or interest rates go up, bond prices go down and vice versa.
Today’s DJIA decline triggered the fifth Down Friday/Down Monday (DF/DM) warning of
With less than an hour left in the trading day it certainly looks like the recent breakout is more of a fake out, at least for today.
Despite straying off course a few times this year, markets have tracked the midterm election year pattern reasonable well
Bucking the trend of solid strength in midterm election years, NASDAQ declined 2.5% in March and Russell 2000 slipped 0.8%.
Although March finished mostly in the green, 10 of the 29 ETF sectors tracked were down
According to the Stock Trader’s Almanac 2014 (page 84), the first trading day of each month combined produce more than double the gains of all other days
We enter April, the last month of the Best Six Months, on a rather high note
April marks the end of our “Best Six Months” for DJIA and the S&P
Since 2000, DJIA has registered 150 DF/DM occurrences
Back then we expected the fed-fueled market rally to continue into the first quarter
Stock options, index options, index futures, and single-stock/ETF futures all expire at the same time four times each year
In nine trading days, the first quarter of 2014 will come to a close.