Consolidation period still in progress!
March 23. 2014
Market Review
U.S. stocks rose for the week, sending the major indexes to their biggest gains in a month. For the week, the Dow Jones Industrial Average climbed 237.10 points, or 1.5 percent, to 16,302.77. The S&P 500 rose 1.4 percent to 1,866.52 over the five days. Both gauges capped their best week since Feb. 14. The Nasdaq Composite added a weekly gain of 0.7 percent to 4,276.79. Financials led gainers among the S&P?s 10 major sectors. The Chicago Board Options Exchange Volatility Index (VIX), a gauge for U.S. stock volatility, fell the most since February, sinking 16 percent to 15 for the week. The index, also known as VIX, is still up 9.3 percent this year. Read MoreShort-term weaknesses mid-term strength!
March 16. 2014
Market Review
U.S. stocks ended the week with deep losses. The Dow Jones Industrial Average dropped 2.4 percent from the week-ago close to 16,065.67. The S&P 500 recorded a 2 percent loss over the week and finished at 1,790.29. Both the S&P 500 and the Dow Jones suffered their worst week since late January. The Nasdaq Composite shed 2.1 percent over the past week to 4,245.40, its first weekly decline in six and the worst since April 2013. Utilities and consumer staples led gainers among the S&P?s 10 major sectors. The Chicago Board Options Exchange Volatility Index, a gauge for U.S. stock volatility, rose 26 percent for the week to 17.82. The measure has advanced 30 percent this year. Read MoreMinor pullback likely but further strength into Q2!
March 09. 2014
Market Review
All three major U.S. averages finished the week with solid gains. For the week the Dow Jones Industrial Average eked out a gain of 0.8 percent to end at 16,414.91. The S&P 500 added 1 percent for the week to finish at 1,790.29. Both the Dow and the S&P 500 logged their second straight week of gains. The Nasdaq advanced 0.7 percent from the week-ago close to 4,336.22, its fifth straight weekly advance. Financials and industrials led gainers among the S&P?s 10 major sectors. The CBOE Volatility Index or the VIX, Wall Street's fear gauge, finished at 13.98. Read MoreNo signs of bearish divergences yet!
March 02. 2014