Stuck in the middle but at least tilt is getting slightly bullish again!
April 23rd 2017
Market Review
U.S. stocks finished the week with gains. For the week the Dow Jones Industrial Average eked out a gain of 0.5 percent to finish at 20,547.76. The S&P 500 finished at 2,348.69 and recorded a weekly gain of 0.9 percent as well. The Nasdaq jumped 1.8 percent during the week to end at 5,910.52. Among the key S&P sectors, industrials were the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.7. Read MoreMake or break set-up is forming! Time to place a stop-loss limit!
April 16th 2017
Market Review
U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 1.0 percent to 20,453.25. The S&P 500 finished at 2,328.95 and posted a weekly drop of 1.1 percent. The Nasdaq declined 1.2 percent from the week-ago close to 5,805.15. Most key S&P sectors finished in the red for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16. Read MoreEpic tug-of-war between bulls and bears!
April 9th 2017
Market Review
U.S. stocks closed the week with modest losses. The Dow Jones Industrial Average closed at 20,656.10 and declined less than 0.1 percent over the week. The S&P 500 shed 0.3 percent for the week to finish at 2,355.54. The Nasdaq slid 0.6 percent for the week to end at 5,877.81. Among the key S&P sectors, energy 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 12.75. Read MoreTape recovery indicates that correction risk has diminished (at least for now)!
April 2nd 2017