Record highs into June likely as market internals are strengthening!
May 24. 2015
Market Review
The three major U.S. averages finished the last week with a mixed performance. For the week, the Dow Jones Industrial Average fell 0.2 percent to close at 18,232.02. The S&P 500 gained 0.2 percent over the week to close at 2,126.06. The broad index closed at records on two of the five days. The Nasdaq, in contrast, added 0.8 percent for the week to end at 5,089.36. Among the key S&P sectors, health care was the best weekly performer, while consumer staples dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12 after hitting a year-to-date low of 11.82. Read MoreMarket-breadth improvements but pull-back risk remains intact!
May 17. 2015
Market Review
The major benchmarks drifted lower for much of the week but ended modestly higher thanks to a strong and broad rally on Thursday. As a matter of fact, U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.5 percent for the week to end at 18,272.62. The S&P 500 advanced 0.3 percent from last Friday?s close to finish at 2,122.71, a fresh record. The Nasdaq climbed 0.9 percent over the week to 5,048.29. Most key S&P sectors finished higher, led by consumer staples, while energy and financials ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12. Read MoreCorrection risk is forming ? Time to place a stop loss order!
May 10. 2015
Market Review
U.S. stocks finished slightly higher after a turbulent week. The S&P 500 eked out a small gain of 0.4 percent for the week to finish at 2,116.09. The Dow Jones Industrial Average advanced 0.9 percent over the week to close at 18,191.11. The Nasdaq ended at 5,003.55 and, thus, finished the week roughly where it started. Nearly all key S&P sectors ended higher for the week, led by financials. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed at 12.89. Read MoreMarket vulnerable for a pullback but still a bit too early for a strategic sell signal!
May 03. 2015
