Sentiment driven consolidation period will be limited in price and time!
June 18th 2017
Market Review
The U.S. stocks finished another week with mixed results. For the week, the Dow Jones Industrial Average added 0.5 percent, to a new record of 21,384.28. The blue-chip average recorded its fourth week of consecutive gains. The S&P 500 eked out a 0.1 percent weekly gain to finish at 2,433.15. The Nasdaq closed at 6,151.76, to end the week 0.9 percent lower. Among the key S&P sectors, the utilities sector was the best weekly performer, while technology dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.4. Read MoreTape improvements are indicating that the party will continue!
June 11th 2017
Market Review
The three major U.S. averages finished the week with mixed results. The Dow Jones Industrial Average eked out a small weekly gain of 0.3 percent to finish at a record of 21,271.97. The S&P 500 fell 0.3 percent for the week to finish at 2,431.77. The Nasdaq dropped 1.6 percent for the week to 6,207.92. The sudden tech retreat on Friday pushed the Nasdaq into negative territory for the week. Among the key S&P sectors, energy was the best weekly performer, while technology dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.6. Read MoreMore confirmation for our summer rally scenario!
June 4th 2017