Today’s Stock Market Investing Recap

Time to look at how things went in the market today with Today's Stock Market Investing Recap. Remember, each day you want to focus on the general market direction to see what the market is telling you. Is the uptrend continuing? Are sellers taking over? These are the questions you'll start to answer for yourself instead of relying on the talking heads on TV.

My first step is always to look the indexes charts on investors.com. What I've been taught to look for is the price and volume action each day compared to the prior day. I then decide for myself what I think happened in the market on that day. Once I've done that, I then watch the IBD TV market wrap and then read the Big Picture column to see what IBD thought happened. If they match up, then I congratulate myself on my astute analysis. If my analysis doesn't match there's then I make a note of why we didn't agree and then correct that.

The current market outlook is market in confirmed uptrend. So like yesterday, we are looking for distribution in the market as a potential warning to get out. Right now, we have yet to have any so let's see what today's market action told us.

The S&P 500 was down slightly on lower volume. No distribution day here. The stock market investing action on the NYSE was similar.

The Dow Jones Industrial Average was slightly higher on lower volume. Again, this could represent some stalling action. But again, no distribution here. The NASDAQ was about the same but it seems to be showing some stronger trading volumes.

In the stock market today, I noticed today that the NASDAQ is near it's 50 day and 200 day moving average and this was discussed in the market wrap video. I made a mental note to myself to look at that each day from now on.