Stay alert since risk for stronger pullback remains high!
August 22nd 2021
Market Review
All three major U.S. averages finished a choppy week with losses. The Dow Jones Industrial Average dipped 1.1% last week to close at 35,120.08. The S&P 500 recorded a weekly loss of 0.6% to reach to reach 4,441.67. The Nasdaq was 0.7% lower for the week and finished at 14,714.66. Among the key S&P sectors, utilities were the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.6. Read MoreQuality of the current rally still remains outright low!
August 15th 2021
Market Review
U.S. stocks finished the week with a mixed performance. Closing at 35,515.38, the Dow Jones Industrial Average increased 0.9% in five trading days. The S&P 500 logged a 0.7% gain for the week to finish at 4,468.00. The Nasdaq Composite, in contrast lost 0.1% during the week and finished at 14,822. Nearly all key S&P sectors closed in positive territory, led by the materials sector. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.5. Read MoreSmaller improvements visible but rally remains weak-kneed
August 7th 2021
Market Review
U.S. stocks finished the week with gains and with two major indexes posting new record highs. Closing at a record of 35,208.51, the Dow Jones Industrial Average rose 0.7% for the week. The S&P 500 booked a weekly gain of 0.9% and closed at a record of 4,436.52. The Nasdaq finished at 14,835.76 and rose 1.1% this week. Most key S&P sectors finished higher, led by financials energy sector. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, dropped to 16.2. Read MoreFurther top building into deeper summer!
August 1st 2021