Month: February 2023

February 26th 2023 |

Key Takeaways

• We stick to our strategic bullish outlook for the S&P 500 from January 8th
• Current consolidation period still looks healthy in its nature
• It is a bit too early to take the chips from the table as the downside potential looks quite capped

Market Review |

U.S. stocks finished the week with losses. The Dow Jones Industrial Average fell almost 3.0% this week to 32,816.92. The S&P 500 retreated 2.7% for the week to finish at 3,970.04. The tech-heavy Nasdaq posted a 3.3% loss for the week and finished at 11,394.94. Nearly all key S&P sectors ended in negative territory for the week, led by the discretionary sector. Energy was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.7. Read More

February 19th 2023 |

Key Takeaways

• We stick to our strategic bullish outlook for the S&P 500 from January 8th.
• On a short-term perspective further volatile consolidation into deeper February likely.
• Outright weak trading days can be used to add exposure.

Market Review |

U.S. stocks finished the holiday-shortened week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.1% to close at 33,826.69. The S&P 500 declined less than 0.3% during the week to end at 4,079.09. The Nasdaq rose 0.6% for the week to end at 11,787.27. Among the key S&P sectors, the discretionary sector was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 20. Read More

February 11th 2023 |

Key Takeaways

• Strategic outlook remains positive
• Short-term breather possible
• Weak trading days can be used to add exposure

Market Review |

U.S. stocks finished the week lower. The Dow Jones Industrial Average slipped 0.2% over the week to 33,869.27. The S&P 500 edged 1.1% lower for the week to finish at 4,090.46. The Nasdaq closed out the week down 2.4% to end at 11,718.1. Nearly all key S&P sectors ended in negative territory for the week, led by the comm. services sector. Energy was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20.5. Read More

February 5th 2023 |

Key Takeaways

• Further confirmation for our bull-case scenario as trend quality improved
• Thus, we stick to our positive view until we see a change in the Big Picture Indictor
• Weak trading days can be used to add exposure

Market Review |

U.S. stocks ended the week mostly higher. The Dow Jones Industrial Average closed at 33,926.01 and finished the week nearly unchanged (down 0.15%). The S&P 500 recorded a 1.6% gain over the week to close at 4,136.48. The Nasdaq jumped 3.1% from last Friday's close to finish at 12,006.95, posting its fifth-straight winning week. Among the key S&P sectors, the comm. services sector 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 18.3. Read More