Stocks fell on Wednesday and have been under pressure since hitting new highs recently. The Dow lost 106-points on the day and percentage-wise, the losses were similar in the other major indices.
I really appreciate your patience while I have been out of commission this week. I will be back in the office full-time by Thursday morning (writing this Wednesday night), but I have to make this kind of quick
4th trading of March SPX, 50% winning ratio with -.31% average returns R2K, 50% winning ratio with -.28% average returnsAGG, 55% winning ratio with .04% average returns
Thursdays are the best day of the week SPX, 73% winning ratio with .75% average returns (last 2 closed down) R2K, 82% winning ratio with .80% average returnsAGG, 27% winning ratio with -.06%
Stocks were down on Tuesday after Monday's big rally. The lower low was an eye opener but when you look at the charts it could just be another bull flag forming. The Dow lost 85-points on the day and all of the TSP funds (except for G) lost ground.
I really appreciate your patience while I have been out of commission this week. I should be back in the office full-time
Ranking the indexes, from best to worst
#1 NASDAQ 100
#2 Wilshire 4500
#3 S&P 500
3rd trading of March SPX, 70% winning ratio with .46% average returns R2K, 65% winning ratio with .37% average returns AGG, 27% winning ratio with -.17% average returns
Wednesdays are dreadful…but slightly mixed
Updated Yesterday at 09:30 AM by JTH
After the bears tried to take control at the end of last week, stocks opened higher on Monday and the bulls put their foot down and and told them, "not so fast!" The Dow gained 156-points and obviously the dip buyers are still lurking.