The market is moving right in line with our cyclical roadmap!
February 16. 2014
Market Review
U.S. stocks rallied for the week with all three major averages posting their biggest weekly gain of the year. The Dow Jones Industrial Average gained 2.3 percent for the week to close at 16,154.39. The S&P 500 rallied 2.3 percent over the week as well to end at 1,838.63. The Nasdaq jumped 2.9 percent over the week to close at 4,244.03, the highest level since July 2000. Utilities and health care led gainers among the S&P?s 10 major sectors. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, fell 4 percent to 13.57. Read MoreSeasonal tailwinds ahead!
February 09. 2014
Market Review
U.S. stocks finished the week with modest gains. The Dow Jones Industrial Average gained 0.6 percent for the week to finish at 15,794.08, ending a two-week losing streak. After three straight weeks of losses, the S&P 500 gained 0.8 percent for the week to close at 1,797.02. Both the Dow and the S&P 500 posted their best week of the year. The Nasdaq advanced 0.5 percent for the week to end at 4,125.86. The CBOE Volatility Index (VIX) finished at 15.29. Among the key S&P sectors, materials were the best weekly performer, while utilities dragged. Read MoreAny upcoming bounce should be corrective!
February 02. 2014