Month: October 2022

October 30th 2022 |

Key Takeaways

• Expect to see a slowdown as seasonal tailwinds are about to end soon
• Market still at risk for disappointments, although short-term trend quality improved
• Cautious outlook remains unchanged as further confirmation is needed

Market Review |

U.S. stocks posted strong gains for the week. Closing at 32,861.80, the Dow Jones Industrial Average finished up 5.7% for the week. The S&P 500 finished at 3,901.06 and increased 3.9% this week. The Nasdaq gained 2.2% for the week and closed at 11,102.45. Nearly all key S&P sectors succeeded to close in positive territory for the week, led by the industrials sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 25.8. Read More

October 23rd 2022 |

Key Takeaways

• Expected bounce in place and sentiment and seasonal driven stabilization likely.
• The quality of the bounce is still too low to justify a strategic bargain hunt
• Outlook remains unchanged as long as we do not see a significant recovery in trend quality

Market Review |

The market was in bounce mode last week as all three major U.S. averages posted strong weekly gains. For the week, the Dow Jones Industrial Average succeeded to gain 4.9% to close at 31,082.56. The S&P 500 finished at 3,752.75 and is up 4.7% for the week. The Nasdaq jumped 5.2% from last Friday’s close to end 10,859.72. It was the best week since June for all three major averages. Finally, all key S&P sectors ended in positive territory for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 29.7. Read More

October16th 2022 |

Key Takeaways

• Chances for a stronger bounce are accumulating as signs of capitulation are visible
• Nevertheless, the quality of the current downtrend still remains quite high
• The current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. averages finished a turbulent week mostly with a negative performance. The Dow Jones Industrial Average gained 1.2% during the week to close at 29,634.83. The S&P 500, in contrast, was 1.6% lower for the week to close at 3,583.07. The Nasdaq slumped 3.1% from last Friday's close and finished at 10,321.39. Most key S&P sectors ended in negative territory for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 32. Read More

October 9th 2022 |

Key Takeaways

• Latest gains can be classified as bounce rather than the beginning of a new and sustainable uptrend
• The quality of the current downtrend still remains quite high
• The current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

Despite Friday’s strong declines, U.S. stocks finished the week with gains. Closing at 29,296.79, the Dow Jones Industrial Average added 2 % for the week. The S&P 500 booked a weekly gain of 1.5% and closed at 3,639.66. The Nasdaq finished at 10,652.41 and eked out a 0.7% gain this week. Most key S&P sectors finished higher, led by the energy sector. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 31.3. Read More

October 2nd 2022 |

Key Takeaways

• Chances for a stronger bounce are accumulating as signs of capitulation are visible
• Nevertheless, the quality of the current downtrend still remains quite high
• The current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. stocks finished another week with sharp losses. The Dow Jones Industrial Average decreased 2.9% in five trading days to 28,725.51. The S&P 500 lost 2.9% for the week as well and dropped to 3,585.62. The index closed out its worst month since March 2020. The Nasdaq tumbled 2.7% to close at 10,575.62. For September, the Dow tumbled 8.8%, while the S&P 500 fell 9.3% and the Nasdaq lost 10.5%. Quarter to date, the S&P 500 and Nasdaq wrapped up their first three-quarter losing streak since 2009, losing 5.3% and 4.1%, respectively. The Dow dropped 6.7% in the third quarter and saw a third-straight losing quarter for the first time since 2015. Nearly all key S&P sectors ended in the red for the week, dragged by the utilities sector. The energy sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 31.7. Read More