Correction risk continued to increase last week!
October 23. 2016
Market Review
U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.04 percent for the week to end at 18,145.71. The S&P 500 advanced 0.4 percent from last Friday?s close to finish at 2,141.16. The Nasdaq climbed 0.8 percent over the week to 5,257.4. Most key S&P sectors finished higher, led by materials, while industrials and consumer staples ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 13.4. Read MoreWatch out! Further ingredients for a correction at hand!
October 16. 2016
Market Review
U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 0.6 percent to 18,138.38. The S&P 500 finished at 2,132.98 and posted a weekly drop of 1.0 percent. The Nasdaq declined 1.5 percent from the week-ago close to 5,214.16. Most key S&P sectors finished in the red for the week, led by health care. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.12. Read MoreStay alert! Evidences for correction are increasing on a fast pace!
October 09. 2016
Market Review
U.S. stocks ended the week with losses, snapping a three-week winning streak. For the week, the Dow Jones Industrial Average slid 0.4 percent to 18,240.49. The S&P 500 finished at 2,153.74 and posted a weekly drop of 0.7 percent. The Nasdaq dropped to 5,292.40 and finished the week 0.4 percent lower. Financials were the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.4. Read MoreBack and forth indicates further top building into October!
October 02. 2016