Month: April 2023

April 30th 2023 |

Key Takeaways

• Recovery is based on extremely narrow leadership
• The air is getting thinner as negative divergences are piling up
• Regime only suitable for tactical trades since risk/reward for strategic investments remains below average.

Market Review |

U.S. stocks finished the week higher. For the week, the Dow Jones Industrial Average eked out a gain of 0.9% to close at 34,098.16. The S&P 500 also gained 0.9% during the week to end at 4,169.48. The Nasdaq rose 1.3% for the week to end at 12,226.58. Among the key S&P sectors, the comm. services sector was the best weekly performer, while utilities dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 15.8. Read More

April 23rd 2023 |

Key Takeaways

• Recovery is based on extremely narrow leadership
• The air is getting thinner as negative divergences are piling up
• Regime only suitable for tactical trades since risk/reward for strategic investments remains below average.

Market Review |

All major indices finished the week in the red. The Dow Jones Industrial Average shed 0.2% over the week to 33,808.96. The S&P 500 booked a small weekly loss of 0.1% to finish at 4,133.52. The Nasdaq declined 0.4% for the week to end at 12,072.46. Among the key S&P sectors, the staples sector was the best weekly performer, while comm. services dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 16.8. Read More

April 16th 2023 |

Key Takeaways

• Recovery is based on extremely narrow leadership
• Trend quality still signals that the S&P 500 will not have enough power to break substantially above its current trading range.
• Regime only suitable for tactical trades since risk/reward for strategic investments remains below average.

Market Review |

Major U.S. averages finished the week higher. The Dow Jones Industrial Average advanced 1.2% during the week to close at 33,886.47. The S&P 500 gained 0.8% for the week to close at 4,137.64. The Nasdaq managed to eke out a small weekly gain of 0.3% to end at 12,123.47. Among the key S&P sectors, financials were the best weekly performer, while the real estate sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 17.1. Read More

April 9th 2023 |

Key Takeaways

• Recovery is based on extremely narrow leadership
• Risk for stronger waterfall declines remains high
• Regime only suitable for tactical trades since risk/reward for strategic investments remains below average.

Market Review |

U.S. stocks finished the holiday-shortened week mainly with a negative performance. While the Dow Jones Industrial Average squeaked out a small gain of 0.6% to close at 33,485.29, the S&P 500 declined 0.1% during the week to end at 4,105.02. Also, the Nasdaq lost 1.1% for the week to end at 12,087.96. Among the key S&P sectors, the health care sector was the best weekly performer, while industrials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 18.4. Read More

April 1st 2023 |

Key Takeaways

• Recovery is based on extremely narrow leadership.
• Risk for stronger waterfall declines remains high.
• Regime only suitable for tactical trades since risk/reward for strategic investments remains below average.

Market Review |

The market recovered last week as all major U.S. averages posted decent gains for the week. The Dow Jones Industrial Average finished the week 3.2% higher to end at 33,274.15. The S&P 500 added 3.4% in that time period to close at 4,109.31. The Nasdaq advanced 3.4% from last Friday’s close to end at 12,221.91.  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, dropped to 18.7.

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