No major technical deal-breaker visible! FOMO is still kicking in!
February 17th 2019
Market Review
U.S. stocks rallied for another week. The Dow Jones Industrial Average surged 3.1 for the week, marking its best weekly winning streak since November 2017. The S&P 500 climbed 2.5 percent, its third straight week of finishing higher. The Nasdaq added 2.4 percent, its longest weekly stretch since August 2016. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.9. Read MoreIncreased volatility likely although technical set-up remains bullish!
February 10th 2019
Market Review
U.S. stocks wrapped a volatile week and all three major U.S. averages finished the week with small gains. The Dow Jones Industrial Average eked out a small weekly gain of 0.2 percent to finish at 25,106.33. The S&P 500 finished at 2,707.88 and ended the week roughly where it had started (plus 0.1 percent). The Nasdaq recorded a weekly gain of 0.5 percent to end at 7,298.20. Among the key S&P sectors, the utilities sector was the best weekly performer, while energy dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 15.7. Read MoreRally strongly continued last week, but dumb money is still not buying it!
February 3rd 2019