Any upcoming bounce should be corrective!
June 21. 2015
Market Review
U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average eked out a small gain 0.3 percent to close at 17,898.84. The S&P 500 finished at 2,094.11 and ended the week up 0.06 percent for the longest streak of sub-1 percent weekly moves since 1993. The Nasdaq lost 0.3 percent for the week to end at 5,051.10. Among the key S&P sectors, health care was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read MoreThe air is getting thinner (as technical picture remains outright damaged)!
June 14. 2015
Market Review
U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average eked out a small gain 0.3 percent to close at 17,898.84. The S&P 500 finished at 2,094.11 and ended the week up 0.06 percent for the longest streak of sub-1 percent weekly moves since 1993. The Nasdaq lost 0.3 percent for the week to end at 5,051.10. Among the key S&P sectors, financials were the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), a measure of investor uncertainty, fell to 13.78. Read MoreWatch out! Market looks extremely vulnerable at the moment!
June 07. 2015