Positive divergences are increasing all across the board!
May 20th 2018
Market Review
All three major U.S. averages finished the week with losses. The Dow Jones Industrial Average closed nearly at 24,715.09, leaving it with a 0.5 percent weekly loss. The S&P 500 lost 0.5 percent for the week as well to finish at 2,712.98. The Nasdaq slid 0.7 percent for the week to end at 7,354.34. Among the key S&P sectors, energy was 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 MoreCorrection risk has diminished fairly – Time to get back into the market?
May 13th 2018
Market Review
U.S. stocks ended the week with gains. The Dow Jones Industrial Average booked a 2.3 percent weekly gain to end at 24,831.17. The S&P 500 recorded a weekly climb of 2.4 percent and closed at 2,727.72. The Nasdaq increased 2.7 percent for the week to close at 7,402.88. Nearly all key S&P sectors ended in positive territory for the week led by energy. Utilities and consumer staples were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held just above 12.7. Read MoreMore price top confirmation as market breadth deteriorated all across the board!
May 6th 2018