Stronger tape recovery indicates that correction risk has diminished!
November 20. 2016
Market Review
All three major U.S. averages finished the week with modest gains. The Dow Jones Industrial Average eked out a small weekly gain of 0.2 percent to close at 18,867.93. The S&P 500 finished at 2,181.9 and booked a 0.8 percent gain for the week. The Nasdaq Composite closed at 5,321.51 and recorded a weekly gain of 1.6 percent. Most key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded 3.5 percent lower, near 12.9. Read MoreMarket remains quite vulnerable at the moment!
November 13. 2016
Market Review
U.S. rallied strongly for the week, with the three major indexes posting their best weekly gains of the year. For the week, the Dow Jones Industrial Average rose 5.4 percent to close at a new all-time high of 18,847.66. The blue-chip index booked its largest weekly gain since December 2011. The S&P 500 ended the week 3.8 percent higher at 2,164.44, posting its highest weekly gain since 2013. The Nasdaq closed at 5,237.11 and recorded a weekly gain of 3.8 percent, its biggest weekly rise since February. Most key S&P sectors ended in positive territory for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.17. Read MoreS&P posts longest losing streak in nearly 36 years!
November 06. 2016