Courtesy of John Nyaradi
Stock markets look like a powder keg as we enter the notoriously dangerous month of September.
September is the stock market’s worst month by far and September starts tomorrow.
Beyond that, tomorrow comes the all important August Institute of Supply Manufacturing Report (ISM) regarding the current state of the economy.
Top analysts at iShares offer insight into what to expect from tomorrow’s ISM.
And my friend Jeffrey Hirsch of Stock Traders Almanac was on vacation in the Carolinas during Hurricane Irene but found time to offer some very interesting reading regarding bad Augusts and bad Septembers and a very insightful look at the Dow Jones Industrials at neckline resistance and the 3 Peaks Domed House Pattern currently in play in this major index.
Stock Market Update
DJIA: (DIA) +53.5%; +0.5%
NASDAQ (QQQ) +3.3; +0.13%
S&P 500 (SPY) +5.9; +0.49%
Russell 2000 (IWM) -1.3; -0.8%
Tomorrow come all important economic reports including new and continuing unemployment claims, August ISM, July Construction Spending, and August Motor Vehicle Sales.
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