Month: August 2022

August 28th 2022 |

Key Takeaways

• Tilt between supportive and corrective is quite narrow
• Further guidance within our short-term-oriented indicators necessary
• Time to place a stop-loss at 3,990 (closing basis).

Market Review |

U.S. stocks finished the week with heavy losses, which mostly occurred on Friday. The Dow Jones Industrial Average lost 4.2% over the week to 32,283.40. The S&P 500 booked a weekly loss of 4.0% to close at 4,057.66. The Nasdaq dropped 4.4% for the week to end at 12,141.71. Among the key S&P sectors, energy was the best weekly performer, while the technology sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 25.6. Read More

August 21st 2022 |

Key Takeaways

• Market took its expected healthy breather last week
• Quality of the current short-term-oriented uptrend looks quite high.
• We stick to our strategic bullish outlook.

Market Review |

U.S. stocks finished the week lower. The Dow Jones Industrial Average slipped 0.2% over the week to 33,706.74. The S&P 500 edged 1.2% lower for the week to finish at 4,228.48. The Nasdaq closed out the week down 2.6% to end at 12,705.22. Among the key S&P sectors, staples were the best weekly performer, while the communication sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20.6. Read More

August 14th 2022 |

Key Takeaways

• We stick to our strategic bullish outlook.
• Quality of the current short-term-oriented uptrend looks quite high.
• Sentiment could be still a strong catalyst in the current market environment.

Market Review |

In line with our latest call, U.S. stocks continued to rally for another week. The Dow Jones Industrial Average rose 2.9% from last Friday’s close to 33,761.05. The S&P 500 finished at 4,280.15 and rose 3.3% on the week, notching its longest weekly winning streak since November 2021. The Nasdaq surged 3.1% during the week to 13,047.19. This week’s moves have also extended a market rally off its mid-June lows. The S&P 500 has gained 16.7% since the lows, and has cut its losses from the peak in half. The Dow has gained nearly 13% and the Nasdaq Composite has rebounded 22.6%. Among the key S&P sectors, energy was the best weekly performer, while staples dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 19.5. Read More

August 7th 2022 |

Key Takeaways

• We stick to our strategic bullish outlook.
• Quality of the current short-term-oriented uptrend looks quite high.
• Sentiment could be a strong catalyst in the current market environment.

Market Review |

U.S. stocks finished the week mostly higher. The Dow Jones Industrial Average closed at 32,803.47 and declined 0.1% for the week. The S&P 500 eked out a 0.4% gain over the week to finish at 4,145.19. The Nasdaq advanced 2.2% from last Friday's close to end at 12,657.56. Among the key S&P sectors, technology was the best weekly performer, while the energy sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.2. Read More