Stuck in the middle!
August 24. 2014
Market Review
U.S. stocks finished another week of gains, with the S&P 500 reaching an all-time high. For the week, the Dow Jones Industrial Average added 338.31 points, or 2 percent, to 17,001.22. The S&P 500 advanced 1.7 percent to 1,988.40 for the five days. The benchmark index closed at a record high of 1,992.37 on Aug. 21. The Nasdaq added 1.7 percent from the week earlier and finished at 4,538.55. Among the key S&P sectors, financials were the best weekly performer, while energy dragged. The CBOE Volatility Index, a measure of investor uncertainty, dropped to 11.47. Read MoreBounce should be limited in price and time!
August 17. 2014
Market Review
U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average rose 0.7 percent in five trading days to end at 16,662.91. The blue-chip index recorded its best weekly gain in five weeks. The S&P 500 gained 1.2 percent over the week to close at 1,955.06. The benchmark index for American equities had its best weekly gain since July 3. The Nasdaq soared 2.2 percent to 4,464.93. The tech-heavy index recorded its best week since May. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. The Chicago Board Options Exchange Volatility Index, a gauge of options prices known as VIX, lost 17 percent for the week and ended at 13.15. Read MoreCorrective bounce possible! Don’t get nervous!
August 10. 2014
Market Review
All three U.S. major averages posted modest gains for the week. The Dow Jones Industrial Average gained 0.3 percent from the prior Friday's close to end at 16,553.93. On Friday, the blue-chip index had its biggest one-day percentage gain in more than 4 months. The S&P 500 added 0.3 percent for the week as well to close at 1,931.59. The Nasdaq climbed 0.4 percent in five days to 4,370.90. Most key S&P sectors ended in positive territory for the week, led by materials. The CBOE Volatility Index, a measure of investor uncertainty, finished at 15.77. Read MoreMajor Price Top in Place! Any upcoming bounce will be corrective!
August 03. 2014