Healthy Breather In Place As Set-Up Remains Positive!

June 25th 2023 |

Key Takeaways

  • Our positive outlook remains unchanged
  • Short-term, healthy consolidation into early July possible
  • Sentiment still does not show any extremes so far

Market Review |

All major indices finished the week lower. The Dow Jones Industrial Average shed 1.7% over the week to 33,727.43. The S&P 500 booked a weekly loss of 1.4% to finish at 4,348.33. The Nasdaq declined 1.4% for the week as well to end at 13,492.52. All three averages broke multiweek winning streaks. Except health care, all key S&P sectors ended in negative territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished the week unchanged at 13.4. Read More

Expect Further Gains Into Deeper Summer!

June 18th 2023 |

Key Takeaways

  • Further confirmation for our positive outlook
  • Sentiment looks quite stretched short-term but no extremes visible for now
  • New all-time high in our Sector Rotation Strategy

Market Review |

U.S. stocks finished the week with stronger gains. The Dow Jones Industrial Average increased 1.3% during the week to finish at 34,299.12; its third positive week in a row. The S&P 500 added 2.6% in the same timeframe to close at 4,409.59 and recorded its fifth positive week in a row, the first such streak since November 2021. The Nasdaq jumped 3.3% from last Friday to end at 13,689.57. The heavy-tech index booked its best week since March and is up eight weeks in a row, its best winning streak since 2019. Except energy, all key S&P sectors ended in positive territory for the week, led by the technology sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 13. Read More

Further Healthy Uptrend Confirmation Is Strengthening Positive Market Regime

June 11th 2023 |

Key Takeaways

  • Further confirmation for our positive outlook
  • Trend quality improved all across the board
  • Sentiment looks quite stretched short-term but no extremes visible for now

Market Review |

U.S. stocks ended another week with gains. The Dow Jones Industrial Average booked a small weekly gain of 0.3% to end at 33,876.78. The S&P 500 added 0.4% in that time to close at 4,298.86, posting its fourth straight winning week. The Nasdaq eked out a small weekly gain of 0.1% to finish at 13,259.14. The heavy-tech index posted its seventh straight winning week — its first streak of that length since November 2019. Among the key S&P sectors, the discretionary sector 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 13.8. Read More

Upside Participation Strengthening Across the Board

June 4th 2023 |

Key Takeaways

  • New all-time high in our WSC Sector Rotation Strategy
  • We upgrade our strategic outlook to cautiously bullish
  • Short-term-oriented indicators critical to watch within the next couple of days

Market Review |

U.S. stocks finished the holiday-shortened week with gains. Closing at 33,762.76, the Dow Jones Industrial Average added 2% for the week. The S&P 500 booked a weekly gain of 1.8% and closed at 4,282.37. The Nasdaq finished at 13,240.77 and advanced 2% this week. All key S&P sectors finished higher, led by the discretionary sector. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, dropped to 14.6. Read More