Market is moving right in line with our outlook!
January 20th 2019
Market Review
After a short-lived consolidation at the beginning of the week, U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 3.0 percent over the week to close at 24,706.35. The S&P 500 jumped 2.9 percent for the week to finish at 2,670.71. The Nasdaq advanced 2.7 percent over the past five days to end at 7,157.23. Most key S&P sectors ended in positive territory for the week, led by financials. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 18. Read MoreMarket has to digest the strong rally! Period of consolidation ahead!
January 13th 2019
Market Review
All three major U.S. averages posted solid weekly gains. The Dow Jones Industrial Average booked a weekly gain of 2.4 percent to close the week at 23,995.95. The S&P 500 increased 2.5 percent for the week to end at 2,596.26. The Nasdaq produced a weekly return of 3.5 percent to finish at 6,971.48. All key S&P sectors finished higher, led by industrials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.2. Read MoreImportant low in place as bounce was broadly confirmed by market tape!
January 6th 2019