Market is about to follow its typical December pattern!

December 04. 2016

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average gained 0.1 percent to close at 19,170.42; its fourth consecutive weekly rise. The S&P 500 booked a weekly loss of 1.0 percent to end at 2,191.95. The Nasdaq dropped 2.7 percent for the week to end at 5,255.65. Both the S&P 500 and the Nasdaq snapped three-week winning streaks. Among the key S&P sectors, energy was the top performer and technology the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 14.1 Read More

Market tape indicates further rallying into December!

November 27. 2016

Market Review

U.S. stocks finished another week of strong gains, with all three major averages hitting new records. The Dow Jones Industrial Average gained 1.5 percent for the week to close at 19,152.14. The S&P 500 booked a weekly gain of 1.4 percent and closed at 2,213.33. The Nasdaq advanced 1.5 percent in the holiday-shortened week to end at 5,398.92. Most key S&P sectors finished higher, led by materials and industrials, while health care ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 12.3. Read More

Stronger tape recovery indicates that correction risk has diminished!

November 20. 2016

Market Review

All three major U.S. averages finished the week with modest gains. The Dow Jones Industrial Average eked out a small weekly gain of 0.2 percent to close at 18,867.93. The S&P 500 finished at 2,181.9 and booked a 0.8 percent gain for the week. The Nasdaq Composite closed at 5,321.51 and recorded a weekly gain of 1.6 percent. Most key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded 3.5 percent lower, near 12.9. Read More

Market remains quite vulnerable at the moment!

November 13. 2016

Market Review

U.S. rallied strongly for the week, with the three major indexes posting their best weekly gains of the year. For the week, the Dow Jones Industrial Average rose 5.4 percent to close at a new all-time high of 18,847.66. The blue-chip index booked its largest weekly gain since December 2011. The S&P 500 ended the week 3.8 percent higher at 2,164.44, posting its highest weekly gain since 2013. The Nasdaq closed at 5,237.11 and recorded a weekly gain of 3.8 percent, its biggest weekly rise since February. Most key S&P sectors ended in positive territory for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.17. Read More

S&P posts longest losing streak in nearly 36 years!

November 06. 2016

Market Review

U.S. averages finished the week with losses. For the week, the Dow Jones Industrial Average dropped 1.5 percent to finish at 17,888.28. The S&P 500 shed 1.9 percent for the week to close at 2,085.18. The S&P's losing streak is the longest in almost 36 years. During that streak, the index has fallen nearly 3 percent. The Nasdaq plunged 2.8 percent during the week to end at 5,046.37. Among the key S&P sectors, the materials sector was the best weekly performer, while technology dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose more than 40 percent during the week, to trade near 22.9. Read More

The outlook remains grim as we received more ingredients for a correction!

October 30. 2016

Market Review

Last week, all three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average managed to eke out a weekly gain, less than 0.1 percent, to close at 18,161.19. The S&P 500 decreased 0.7 percent for the week to close at 2,126.41. The Nasdaq fell 1.3 percent for the week to end at 5,190.10. Most key S&P sectors finished lower, dragged by health care. Consumer staples, utilities and financials were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded about 5 percent higher, near 16.1. Read More

Correction risk continued to increase last week!

October 23. 2016

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.04 percent for the week to end at 18,145.71. The S&P 500 advanced 0.4 percent from last Friday?s close to finish at 2,141.16. The Nasdaq climbed 0.8 percent over the week to 5,257.4. Most key S&P sectors finished higher, led by materials, while industrials and consumer staples ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 13.4. Read More

Watch out! Further ingredients for a correction at hand!

October 16. 2016

Market Review

U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 0.6 percent to 18,138.38. The S&P 500 finished at 2,132.98 and posted a weekly drop of 1.0 percent. The Nasdaq declined 1.5 percent from the week-ago close to 5,214.16. Most key S&P sectors finished in the red for the week, led by health care. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.12. Read More

Stay alert! Evidences for correction are increasing on a fast pace!

October 09. 2016

Market Review

U.S. stocks ended the week with losses, snapping a three-week winning streak. For the week, the Dow Jones Industrial Average slid 0.4 percent to 18,240.49. The S&P 500 finished at 2,153.74 and posted a weekly drop of 0.7 percent. The Nasdaq dropped to 5,292.40 and finished the week 0.4 percent lower. Financials were the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.4. Read More

Back and forth indicates further top building into October!

October 02. 2016

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.3 percent for the week to end at 18308.15. For September, the blue-chip average finished 0.8 percent lower, but was up 2.1 percent for the third quarter. The S&P 500 eked out a small gain of 0.2 percent from last Friday?s close to finish at 2168.27. For the month, the S&P 500 finished 0.1 percent lower, but gained 3.3 percent for the quarter. The Nasdaq climbed 0.2 percent over the week to 5312.00. The heavy-tech index recorded a monthly gain of 1.7 percent, and a quarterly gain of 9.7 percent. Most key S&P sectors finished higher. Energy was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.3, down about 5.2 percent. Read More

Further top-building into October likely!

September 25. 2016

Market Review

U.S. stocks finished another week of gains. For the week, the Dow Jones Industrial Average gained 0.8 percent to end at 18,261.45. The S&P 500 added 1.2 percent over the five days to close at 2,164.69. The Nasdaq recorded also a weekly gain of 1.2 percent to finish at 5,305.75. All key S&P sectors ended in positive territory for the week, led by utilities. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.2. Read More

September top forming!? In any case it is time to place a stop-loss limit!

September 18. 2016

Market Review

U.S. stocks finished the week in positive territory. The Dow Jones Industrial Average eked out a small weekly gain of 0.2 percent to close at 18,123.80. The S&P 500 recorded a weekly gain of 0.5 percent to end at 2,139.15. The Nasdaq climbed 2.3 percent for the week to 5,244.57. Among the key S&P sectors, technology led the gainers for the week, while energy slumped. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.4. Read More

Seasonal headwinds ahead but tape remains constructive (at least for now)!

September 11. 2016

Market Review

U.S. stocks finished the holiday-shortened week with deep losses. The Dow Jones Industrial Average slumped 2.2 percent over the week to end at 18,085. The S&P 500 dropped 2.4 percent for the week to finish at 2,127. The Nasdaq lost 2.4 percent for the week to end at 5,125. For the month to date, the Dow is 1.7 percent lower, the S&P 500 is off 2 percent, and the Nasdaq down 1.7 percent. Among the key S&P sectors, utilities were the best weekly performer, while materials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded more than 30 percent higher, near 16.4. Read More

No signs for a major break-out (in both direction) visible!

September 04. 2016

Market Review

Stocks were modestly higher on the week, but major U.S. indexes have traded in a noticeably tight window over the last month and half. For the week the Dow Jones Industrial Average eked out a small gain of 0.4 percent to finish at 18,491.96. The S&P 500 finished at 2,179.98 and recorded a weekly gain of 0.4 percent as well. The Nasdaq posted also a weekly gain of 0.4 percent to end at 5,249.90. Among the key S&P sectors, financials were the best weekly performer, while health care dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded more than 9.5 percent lower, near 12.2. Read More

No need to panic – Consolidation period still looks constructive!

August 28. 2016

Market Review

U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 0.9 percent to 18,395.40. The S&P 500 finished at 2,169.04 and posted a weekly drop of 0.7 percent. Nasdaq declined 0.4 percent from the week-ago close to 5,218.92, snapping its eight-week winning streak. Most key S&P sectors finished in the red for the week, led by utilities. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished near 13.65. Read More

Expect to see further sideways trading but tape remains constructive!

August 21. 2016

Market Review

Although all three major averages reached all-time highs on Monday, U.S. stocks finished another week nearly unchanged. For the week, the Dow Jones industrial Average closed 23.9 points lower, or 0.1 percent, at 18,552.57. The S&P 500 finished at 2,183.87 and ended the week roughly where it started. The Nasdaq eked out a small gain of 0.1 percent to finish at 5238.38. The tech-index recorded its eighth straight week of gains. Among the key S&P sectors, energy was again the best weekly performer, while utilities dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, closed slightly lower for the week, near 11.4. Read More

Further consolidation ahead but no threatening signs visible at the moment!

August 14. 2016

Market Review

U.S. stocks finished the week nearly unchanged. For the week the Dow Jones Industrial Average eked out a small gain of 0.2 percent to finish at 18,576.47. The S&P 500 finished at 2,184.05 and ended the week roughly where it started. The Nasdaq recorded a weekly gain of 2.3 percent to end at 5,232.89. The technology-laden index posted its longest weekly win streak since 2012. Among the key S&P sectors, energy was the best weekly performer, while materials dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 11.5. Read More

S&P 500 reached a new record high but period of consolidation possible!

August 07. 2016

Market Review

U.S. stocks closed another week with gains, lifting the S&P 500 and the Nasdaq to record closes. The Dow Jones Industrial Average climbed 0.6 percent over the week to end at 18,543.53. The S&P 500 recorded a weekly 0.4 percent gain to close at a record high of 2,182.87. The Nasdaq rallied 1.1 percent from last Friday's close to finish at 5,221.12, its first record close in more than a year. Among the key S&P sectors, financials were the best weekly performer, while utilities dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded lower, near 11.3. Read More

U.S benchmarks advanced for a fifth consecutive month

July 31st 2016

Market Review

All three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.8 percent for the week to close at 18,432.24. The blue-chip index ended the month up 2.8 percent. The S&P 500 finished at 2,173.60. For the week, the benchmark index closed down 0.1 percent, but gained 3.6 percent for the month. For the benchmark S&P 500 and Dow Jones Industrial Average this was the fifth consecutive monthly advance. The Nasdaq Composite closed at 5,162.13. The tech-heavy index scored a 1.2 percent gain for the week and a 6.6 percent gain for the month. Among the key S&P sectors, technology was the best weekly performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded below 12. Read More

Prepare for further gains into deeper July/early August!

July 24. 2016

Market Review

U.S. stocks closed higher for the fourth straight week, with the S&P 500 hitting a new record high. For the week, the Dow Jones Industrial Average jumped 1.3 percent to 18,570.85. The S&P 500 climbed 0.6 percent to close at a new all-time high of 2,175.03. The Nasdaq added 1.4 percent from the week earlier and finished at 5,100.16, its highest close of 2016. Among the key S&P sectors, technology was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, hit a low of 11.4 this week, its lowest level since last summer. Read More

The S&P 500 reached a new all-time high!

July 17. 2016

Market Review

U.S. stocks closed at their third straight week of gains, with the S&P 500 and the Dow posting new record highs. The Dow Jones Industrial Average added 2.0 percent over the week to end at a record high of 18,516.55. The S&P 500 recorded a weekly 1.5 percent gain to close at a record high of 2,161.74. The Nasdaq advanced 1.5 percent from last Friday's close to finish at 5,029.59. Among the key S&P sectors, materials were the greatest gainer for the week, while utilities were the only negative sector for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 13. Read More

The S&P 500 just closed shy below its all-time high! Expect further gains!

July 10 2016

Market Review

All three U.S. major averages posted hefty gains for a second straight week. The Dow Jones Industrial Average gained 1.1 percent from the prior Friday's close to end at 18,146.74, its best level of 2016. The S&P 500 added 1.3 percent over the week to end at 2,129.83, closing a point below its previous all-time high level of 2,130.82 reached May 21, 2015. The Nasdaq added 1.9 percent from the week-ago close to 4,956.76. Most key S&P sectors ended in positive territory for the week, led by consumer discretionary. Telecommunications and energy were the only decliners on the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.2, a one-month low. Read More

S&P 500 scored its best week in 2016 and more gains ahead!

July 03. 2016

Market Review

The U.S. stock market finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 3.2 percent to 17,949.37, its best week since November. The S&P 500 advanced 3.2 percent over the week to 2,102.95; also its best week since November. The Nasdaq rose 3.3 percent over the past five days to 4,862.57. All key S&P sectors ended in positive territory for the week, led by telecoms. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded below 15 to hit a three-week low. Read More

Bullish divergences all across the board!

June 26. 2016

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 1.6 percent over the week to 17,399.86. The S&P 500 dropped 1.6 percent as well to finish at 2,037.40. Its largest one-week drop since February. Both the S&P 500 and the Dow wiped out their year-to-date gains. The Nasdaq lost 1.9 percent for the week to end at 4,707.98. Nine of the 10 main S&P sectors closed sharply lower. Financials, materials, and tech stocks led the losses. Utilities were the only weekly performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, briefly topped 26 to its highest since mid-February before holding near 23.5. Read More

Do not get nervous! Technical tape condition of the market remains healthy!

June 19. 2016

Market Review

All three U.S. indexes finished the week in negative territory. The Dow Jones Industrial Average lost 1.1 percent for the week to 17,675.16. Its worst since the one ended May 13. The S&P 500 declined 1.2 percent to 2,071.22 during the week. The Nasdaq lost 0.6 percent to 4,800.34. Among the key S&P sectors, telecommunications was the best performer on the week, while health care was the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 19.3. On Thursday, the VIX hit 22.89, its highest since February 19. Read More

Expect to see further strength into summer!

June 12. 2016

Market Review

U.S. stocks finished lower for the week. The Dow Jones Industrial Average declined 0.7 percent to 17,865.34 from last Friday's close. The S&P 500 dropped 0.9 percent for week to 2,096.07. The Nasdaq tumbled 1.3 percent in five trading days to 4,894.55. Among the key S&P sectors, financials were the worst weekly performer and telecoms the best. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose above 17 for the first time since mid-May. Read More

Sustainable break-out ahead (as the tape showed a strong recovery)!

June 05. 2016

Market Review

All three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.4 percent over the week, to end at 17,807.06. The S&P 500 advanced 0.1 percent for the week to finish at 2,099.13. The Nasdaq added 0.2 percent for the week to 4,942.52. Among the key S&P sectors, the utilities sector was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.4. Read More

Tug of war indicates further top building into June!

May 29. 2016

Market Review

U.S. stocks posted a solid week of gains. The Dow Jones Industrial Average closed at 17,873.22 and rose 2.1 percent over the past five days for its best week since March 18. The S&P 500 gained nearly 2.3 percent for its best week since March 4 and ended at 2,099.06. The Nasdaq surged 3.5 percent for the week to close at 4,926, its best week since February 19. All key S&P sectors ended in positive territory for the week, led by techs. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined to trade near 13.1. Read More

More confirmation for our summer top scenario!

May 22. 2016

Market Review

Last week U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.2 percent in five trading days to end at 17,500.94. The blue-chip index posted its first 4-week losing streak since 2014. The S&P 500 eked out a 0.3 percent gain over the week to finish at 2,052.32. The Nasdaq Composite added 1.1 percent to 4,769.56 for the five days. Among the key S&P sectors, energy was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell to trade near 15.2. Read More

Consolidation could turn out to be corrective! Time to place a stop-loss limit!

May 15. 2016

Market Review

U.S. stocks finished another week in negative territory. For the week, the Dow Jones Industrial Average slid 1.2 percent to 17,535.32. The S&P 500 finished at 2,046.49 and posted a weekly drop of 0.5 percent. Both, the Dow Jones and the S&P 500 posted their first three-week losing streak since January. The Nasdaq dropped 0.4 percent from the week-ago close to 4,717.68. Most key S&P sectors finished in the red for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose to trade near 15. Read More

Sell in May and go away? Still a bit too early!

May 08. 2016

Market Review

U.S. stocks finished the week in negative territory with all three major indexes logging their second straight week of losses. The Dow Jones Industrial Average declined 0.2 percent during the week to end at 17,740.63. The Standard & Poor?s 500 Index lost 0.4 percent from the prior Friday's close to finish at 2,057.14. The Nasdaq tumbled 0.8 percent during the week to 4,736.16. Among the key S&P sectors, consumer staples were the top gainer and energy the worst performer on the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell below 15. Read More

Tug of war between large caps and the broad market

May 01. 2016

Market Review

All three major U.S. averages finished the week with losses. The Dow Jones Industrial Average lost 1.3 percent over the week to close at 17,773.64. The blue-chip index gained 0.5 percent for the month. The S&P 500 lost 1.3 percent for the week as well to finish at 2,065.30. The broad index rose 0.27 percent for the month. The Nasdaq slid 2.7 percent for the week to end at 4,775.36. The index fell 1.94 percent for the month. Among the key S&P sectors, utilities was the best weekly performer, while technology dragged. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed at 17.09. Read More

More confirmation for our new highs scenario!

April 24. 2016

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average gained 0.6 percent to close at 18,003.75. The S&P 500 rose 0.5 percent to end at 2,091.58. The Nasdaq lost 0.7 percent for the week to end at 4,906.23. Among the key S&P sectors, energy was the top performer and utilities the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined to end slightly above 13. Read More

S&P 500 reached highest level in 2016!

April 17. 2016

Market Review

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average rose 1.8 percent from the week-ago close to 17,897.46. The blue-chip index saw its strongest weekly gain in a month. The S&P 500 climbed 1.6 percent for the week to 2,080.73. The Nasdaq gained 1.8 percent over the week to 4,938.22. Among the key S&P sectors, financials were the best weekly performer and consumer staples the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, edged lower to near 13.7. Read More

Too early to panic (as bullish set-up remains unchanged)!

April 10. 2016

Market Review

U.S. stocks closed the week in negative territory. For the week, the Dow Jones Industrial Average slipped 1.2 percent to finish at 17,576.96. The S&P 500 dipped 1.2 percent in five trading days as well to end at 2,047.60. The Nasdaq slumped 1.3 percent for the week to close at 4,850.69. Most key S&P sectors finished in red, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined to near 15.4. Read More

More confirmation for our new highs scenario!

April 03. 2016

Market Review

U.S. stocks finished the week with gains. The Dow Jones Industrial Average added 1.6 percent to finish the week at 17,792.75. The S&P 500 increased 1.8 percent to 2,072.78 for the week. The Nasdaq gained 3.0 percent over the week to 4,914.54. Most key S&P sectors finished higher, led by technology, energy was the only decliner on the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, hit a fresh low for the year so far and ended just above 13. Read More

Period of consolidation ahead (but bullish outlook remains unchanged)!

March 27. 2016

Market Review

U.S. stocks finished the holiday-shortened week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.5 percent to close at 17,515.73. The S&P 500 declined 0.7 percent to end at 2,035.94. The Nasdaq shed 0.5 percent for the week to end at 4,773.50. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 14.7. Read More

Expect new highs soon (as no bearish divergences are visible so far)!

March 20. 2016

Market Review

U.S. stocks finished another week of gains with the major averages closing nearly 1 percent higher or more for the week, their fifth-straight week of gains since November. The Dow Jones Industrial Average added 2.3 percent during the week to 17,602.30. The S&P 500 rose 1.4 percent from the prior Friday's close to 2,049.56. Both the S&P 500 and the Dow ended in positive territory for the year, while the Dow logged six days of gains in a row ? the longest winning streak since early October. The Nasdaq added 1.0 percent during the week to 4,795.65. Among the key S&P sectors, industrials were the top gainer and health care the only decliner on the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held just above 14 after briefly falling below to touch its lowest since November. Read More

Further uptrend confirmation!

March 13. 2016

Market Review

As highlighted in our latest call, U.S. stocks ended another week with gains. The Dow Jones Industrial Average gained 1.2 percent from the week ago close to finish at 17,213.31. The S&P 500 advanced 1.1 percent for the week to close at 2,022.19. The Nasdaq rose 0.7 percent over the past five trading days to end at 4,748.47. All three main indexes posted their fourth straight weekly gain. All key S&P sectors finished higher for the week, led by materials and utilities. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded below 17. Read More

Market is moving right in line with our cyclical roadmap!

March 06. 2016

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 2.2 percent over the week to close at 17,006.77. The S&P 500 jumped 2.7 percent for the week to finish at 1,999.99. Both the Dow and the S&P 500 closed at two-month highs Friday, while posting their third consecutive weekly rise. The Nasdaq advanced 2.8 percent over the past five days to end at 4,717.02. All key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed around 16.8. Read More

Further uptrend confirmation ? Buy the dips!

February 28. 2016

Market Review

Right in line with our latest call, U.S. stocks rose for a second week. For the week, the Dow Jones Industrial Average added 1.5 percent to 16,639.97. The S&P 500 rose 1.6 percent from the week ago close to 1,948.05. The Nasdaq climbed 1.9 percent during the week to finish at 16,639.97. Among the key S&P sectors, materials and industrials were the best performers for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, was near 19.8. Read More

Further bottom confirmation! Get ready to raise exposure!

February 21. 2016

Market Review

U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 2.6 percent to close at 16,391.99. The S&P 500 ended at 1,917.78 and booked a weekly gain of 2.8 percent. Both, the Dow and the S&P 500, managed to log their best weekly gains since November. The Nasdaq rocketed 3.9 percent over the week to finish at 4,504.43; the largest weekly gain since mid July. All key S&P sectors ended in positive territory, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 20.5. Read More

Smells like an important low, but bullish impulses are missing as well!

February 14. 2016

Market Review

U.S. stocks finished a turbulent week with losses. The Dow Jones Industrial Average dropped 1.4 percent over the week to 15,973.84. The S&P 500 declined 0.8 percent for the week to finish at 1,864.77. The Nasdaq lost 0.6 percent for the week to end at 4,337.51. Most key S&P sectors ended in negative territory for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 26. Read More

Retest of latest correction low in place (but positive signals are forming too)

February 07. 2016

Market Review

U.S. stocks finished the week in negative territory. For the week, the Dow Jones Industrial Average slid 1.6 percent to 16,204.97; the largest drop in three weeks. The S&P 500 finished at 1,880.05 and posted a weekly drop of 3.1 percent, also its largest in about a month. The Nasdaq dropped 5.4 percent from the week-ago close to 4,363.14. This was also the largest drop in a month. Most key S&P sectors finished in the red for the week, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished above 23. Read More

Bounce will be limited in price and time as market enters next phase!

January 31. 2016

Market Review

All three major U.S. averages finished the week with gains. For the week the Dow Jones Industrial Average advanced 2.3 percent to end at 16,466.30. The blue-chip index is down 5.5 percent for January, its worst start to a year since 2009. The index had its worst month since August. The S&P 500 added 1.8 percent for the week to finish at 1,940.24. The broad index is still down 5.1 percent for January, also its worst since 2009. The index had also its worst month since August. The Nasdaq advanced 0.5 percent from the week-ago close to 4,613.95. The Nasdaq plunged 7.9 percent in January, its worst month since May 2010. Most key S&P sectors finished higher, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held just above 20. Read More

S&P 500 hit critical support levels!

January 24th 2016

Market Review

U.S. stocks ended the week with gains. The Dow Jones Industrial Average added 0.7 percent from the prior Friday's close to finish at 16,093.51. The S&P 500 increased 1.4 percent for the week to end at 1,906.90. The Nasdaq gained 2.3 percent over the week to 4,591.18. For all three indexes, it was the first weekly gain in four weeks. Most key S&P sectors finished higher, led by technology, while financials ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined to below 22.5. Read More

S&P 500 has exactly reached our lower price target!

January 17. 2016

Market Review

As highlighted in our latest call, U.S. stocks finished another week with deep losses. The Dow Jones Industrial Average slumped 2.2 percent over the week to 15,988.08. The blue-chip average is down 8.3 percent for the year so far. The S&P 500 dropped also 2.2 percent for the week to finish at 1,880.29. The broad index is down 8 percent for the year so far. The Nasdaq lost 3.4 percent for the week to end at 4,488.42. The technology-laden index is down 10.4 percent year-to-date. All three major U.S. averages are more than 10 percent below their 52-week intraday highs, in correction territory. Among the key S&P sectors, materials were the worst performer and utilities the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, briefly topped 30 for the first time since Sept. 1. Read More

Correction fully in force as S&P 500 ends its worst first week ever!

January 10. 2016

Market Review

In line with our latest call, U.S. stocks finished the week with deep losses and the major averages posted their worst week since 2011. For the week, the Dow Jones Industrial Average slumped 6.2 percent, or more than 1000 points, to 16,346.45. The S&P 500 suffered a weekly loss of 6.0 percent to finish at 1,922.02. The Nasdaq dropped 7.3 percent from the week-ago close to 4,643.63. This is the longest losing streak for the index since November 2011. All key S&P sectors finished in the red for the week, led by materials. Seven of the benchmark's 10 main industries sank more than 5.5 percent this week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, was near 27. Read More

Do not chase the market higher as tape confirmation is still missing!

January 03. 2016

Market Review

U.S. averages finished the last week of the year with losses. For the week, the Dow Jones Industrial Average dropped 0.7 percent to finish the year at 17,425.03. The blue-chip benchmark finished 2015 down 2.2 percent, for its first annual loss since 2008. The S&P 500 declined 0.8 percent for the week to close the year at 2,043.94, snapping a three-year winning streak. The broad index suffered a 0.7 percent loss for 2015. The Nasdaq lost 0.8 percent during the week to end the year at 5,007.41, the only index out of the three to post a 5.7 percent gain for the year. That gain makes it four years in a row the Nasdaq has posted a yearly gain, its longest winning streak since 2007. All 10 S&P sectors ended in the red for the week, dragged by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 18. Read More

Do not get greedy! Market internals remain quite damaged!

December 27. 2015

Market Review

U.S. stocks closed slightly lower on Thursday, but a rally during the previous three sessions left the main indexes with solid gains for the holiday-shortened week. The Dow Jones Industrial Average gained 2.5 percent over the week to end at 17,552.17. The S&P 500 rose 2.8 percent from last Friday's close to 2,060.99. The Nasdaq advanced 2.6 percent over the week to 5,048.49. All key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index, a measure of investor uncertainty, fell to 15.5. Read More