More confirmation for our summer rally scenario!

June 4th 2017

Market Review

U.S. stocks rallied for the week, lifting all three major indices to new records. For the week, the Dow Jones Industrial Average added 0.6 percent, to 21,206.29. The S&P 500 advanced 1.0 percent during the week to 2,440.23. The Nasdaq gained 1.5 percent from last week's close to end at 6,305.80. Most key S&P sectors ended in positive territory for the week, led by health care. Energy and financials were the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.8. Read More

Summer rally ahead? Indicator framework remains supportive!

May 28th 2017

Market Review

U.S. stocks closed out the week with stronger gains and at new record highs. For the week, the Dow Jones Industrial Average added 1.3 percent to end at 21,080.28. The S&P 500 gained 1.4 percent to close at a record 2,415.82. The Nasdaq jumped 2.1 percent for the week to end at a record 6,210.19. Most key S&P sectors ended in positive territory for the week, led by utilities. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 9.8. Read More

U.S. stocks posted their biggest pullback of the year!

May 21th 2017

Market Review

It was a turbulent week on Wall Street as U.S. stocks started out the week with small gains but fell by nearly 2 percent on Wednesday, posting the largest decline since September 2016. U.S. stocks stabilized on Thursday and rallied on Friday. In the end, U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average lost 0.4 percent for the week to 20,804.84. The S&P 500 declined 0.4 percent during the week as well to finish at 2,381.73. Both the Dow and the S&P 500 turned in a second week of losses. The Nasdaq booked a weekly loss of 0.6 percent to 6,083.70. Among the key S&P sectors, consumer staples was the best performer on the week, while financials was the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell back towards 12 after jumping almost 50% on Wednesday. Read More

Short-term pullback into deeper May! Time to take profits!

May 14th 2017

Market Review

Last week U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.5 percent in five trading days to end at 20,896.61. The S&P 500 declined 0.4 percent over the week to finish at 2,390.90. Both the Dow and the S&P 500 record their first weekly retreat in nearly a month. The Nasdaq Composite added 0.3 percent during the week to 6,121.23. The hevy-tech index booked its fourth straight weekly gain. Among the key S&P sectors, technology 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 10. Read More

S&P 500 reached a new all-time high, but …

May 7th 2017

Market Review

U.S. stocks closed the week with gains, lifting the S&P 500 and the Nasdaq to record closes. For the week the Dow Jones Industrial Average climbed 0.3 percent to end at 21,006.94. The S&P 500 recorded a weekly 0.6 percent gain to close at a record high of 2,399.29. The Nasdaq advanced 0.9 percent from last Friday's close to finish at a record of 6,100.76. Most key S&P sectors ended in positive territory for the week, led by financials. Energy were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.7. Read More

Consolidation period close to end! Expect to see further gains into summer!

April 30th 2017

Market Review

U.S. stocks finished the week in positive territory. The Dow Jones Industrial Average gained 1.9 percent for the week to close at 20,940.51. The blue-chip gauge rose 1.3 percent for the month. The S&P 500 booked a weekly gain of 1.5 percent and closed at 2,384.20. The broad-index added 0.9 percent in April. The Nasdaq advanced 2.3 percent during the week to end at 6,047.61. The heavy-tech index gained 2.3 percent over the month. All key S&P sectors ended in positive territory for the week, led by health care. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.7. Read More

Stuck in the middle but at least tilt is getting slightly bullish again!

April 23rd 2017

Market Review

U.S. stocks finished the week with gains. For the week the Dow Jones Industrial Average eked out a gain of 0.5 percent to finish at 20,547.76. The S&P 500 finished at 2,348.69 and recorded a weekly gain of 0.9 percent as well. The Nasdaq jumped 1.8 percent during the week to end at 5,910.52. Among the key S&P sectors, industrials were the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.7. Read More

Make or break set-up is forming! Time to place a stop-loss limit!

April 16th 2017

Market Review

U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 1.0 percent to 20,453.25. The S&P 500 finished at 2,328.95 and posted a weekly drop of 1.1 percent. The Nasdaq declined 1.2 percent from the week-ago close to 5,805.15. 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, traded near 16. Read More

Epic tug-of-war between bulls and bears!

April 9th 2017

Market Review

U.S. stocks closed the week with modest losses. The Dow Jones Industrial Average closed at 20,656.10 and declined less than 0.1 percent over the week. The S&P 500 shed 0.3 percent for the week to finish at 2,355.54. The Nasdaq slid 0.6 percent for the week to end at 5,877.81. Among the key S&P sectors, energy 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 12.75. Read More

Tape recovery indicates that correction risk has diminished (at least for now)!

April 2nd 2017

Market Review

U.S. stocks ended the week with gains. The Dow Jones Industrial Average eked out a small gain of 0.3 percent over the week to end at 20,663.22. The blue-chip index is 0.7 percent lower for the month, while notching a 4.6 percent gain for the quarter. The S&P 500 recorded a 0.8 percent gain over the week and closed at 2,362.72. The broad index is down less than 0.1 percent for the month and up 5.5 percent for the quarter. The Nasdaq climbed 1.4 percent for the week to 5,911.74. It rose 1.5 percent for the month, and nearly 10 percent for the quarter. 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, traded near 12.3. Read More

Stay cautious! Further evidences for an important market top!

March 26th 2017

Market Review

As expected in our last comment, U.S. averages finished the week with losses. For the week, the Dow Jones Industrial Average dropped 1.5 percent to finish at 20,596.72. The blue-chip index recorded its steepest decline since September. The S&P 500 plunged 1.4 percent for the week to close at 2,343.98, its biggest decline since November. The Financials sector suffered a 3.8 percent loss over the week, its largest decline since January 2016. The Nasdaq shed 1.2 percent during the week to end at 5,838.74, its largest since December. Most key S&P sectors ended in negative territory for the week, led by financials. Utilities were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read More

Stuck in the middle for now but correction risk remains in-force!

March 19th 2017

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average gained 0.1 percent to close at 20,914.62. The Dow recorded its fifth positive week in six. The S&P 500 rose 0.2 percent to end at 2,378.25. The Nasdaq advanced 0.7 percent for the week to end at 5,901.00. Both the S&P 500 and the Nasdaq booked their seventh positive week in eight. Among the key S&P sectors, utilities were the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.3. Read More

Watch out! Correction risk is increasing at a fast pace!

March 12th 2017

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 0.5 percent over the week to 20,902.98, snapping a streak of four straight weekly gains. The S&P 500 dropped 0.4 percent to finish at 2,372.60. The Nasdaq slipped 0.2 percent for the week to end at 5,861.73. Both indexes snapped a run of six weeks of consecutive gains. Among the key S&P sectors, technology was the best performer on the week and energy the greatest decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.7. Read More

The pace is likely to slow down a bit but bullish status remains unchanged!

March 5th 2017

Market Review

Last week all three major U.S. indexes finished another week with gains. The Dow Jones Industrial Average gained 0.9 percent from the prior Friday's close to end at 21,005.71. The blue-chip index recorded a fourth consecutive weekly gain. The S&P 500 added 0.7 percent for the week to close at 2,383.12; its sixth consecutive weekly advance. The Nasdaq climbed 0.4 percent in five days to 5,870.75. All three main indexes were up between 6 percent and 9 percent year to date. Nearly all S&P sectors ended higher, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.9. Read More

Market reached a new all-time high but period of consolidation likely!

February 26th 2017

Market Review

U.S. stocks finished another week of gains with the Dow and the S&P 500 at record highs. The Dow Jones Industrial Average gained 1.0 percent over the week to close at 20,821.76. Its third week of gains. The S&P 500 increased 0.7 percent for the week to finish at 2,367.34. Its fifth straight week of gains. The Nasdaq eked out a small gain of 0.1 percent to finish at 5,845.31. Its fifth straight week of gains. Among the key S&P sectors, utilities was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.4. Read More

Not surprisingly, new record highs as bull-run continues!

February 19th 2017

Market Review

U.S. stocks finished another week of gains with the major averages at record highs. For the week, the Dow Jones Industrial Average gained 1.8 percent to end at 20,624.05. The S&P 500 recorded a weekly climb of 1.5 percent over the five days to 2,351.16. The Nasdaq rose 1.8 percent from last Friday’s close to end at 5,838.58. Most key S&P sectors ended in positive territory for the week, led by financials. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.5. Read More

Market is moving right in line with our recent outlook!

February 12th 2017

Market Review

U.S. stocks finished the week with gains with all three major averages hitting new records. The Dow Jones Industrial Average gained 1.0 percent for the week to close at 20,269.37. The S&P 500 booked a weekly gain of 0.8 percent and closed at 2,316.10. The Nasdaq advanced 1.2 percent to end at 5,734.13. Most key S&P sectors finished higher, led by industrials. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 10.82. Read More

Short-term oriented consolidation ahead but tape remains constructive!

February 5th 2017

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.1 percent to close at 20,071.46. The S&P 500 recorded a weekly gain of 0.1 percent to end at 2,297.42. The Nasdaq rose also 0.1 percent for the week to end at 5,666.77. Among the key S&P sectors, health care 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 10.81. Read More

Expect to see further gains into Q1 (as our outlook remains bullish)!

January 29th 2017

Market Review

U.S. stocks finished the week in positive territory, with the Dow and S&P 500 posting their first positive week of the past three. After exceeding the 20,000 level for the first time on Thursday, the Dow Jones Industrial Average gained 1.3 percent for the week to close at 20,093.78. The S&P 500 booked a weekly gain of 1.0 percent and closed at 2,294.69. The Nasdaq advanced 1.9 percent during the week to end at 5,660.78. Among key S&P sectors, financials and materials led the gainers, while energy and utilities were the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.5. Read More

Risk for a moderate pullback is increasing but outlook remains bullish!

January 22nd 2017

Market Review

U.S. stocks closed the week slightly lower with the Dow & S&P 500 logging their second straight weekly decline. For the week, the Dow Jones Industrial Average slid 0.3 percent to 19,827.25. The S&P 500 finished at 2,271.31 and posted a weekly drop of 0.2 percent. Nasdaq declined 0.3 percent from the week-ago close to 5,555.33. Among the key S&P sectors, consumer staples was the best weekly performer, while health care dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.5. Read More

Do not get nervous! Consolidation period will be limited in price and time!

January 15th 2017

Market Review

The three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.4 percent during the week to finish at 19,885.73. The S&P 500 declined 0.1 percent from the week ago close to end at 2,274.64. The Nasdaq gained 1.0 percent over the week and ended at 2,274.64. The heavy-tech index set a new record high. Among key S&P sectors, technology and materials led the gainers, while energy and consumer staples were the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.3. Read More

No signs for a major market top yet!

January 8th 2017

Market Review

All three U.S. indexes finished the first week of the year with solid gains. For the week, the Dow Jones Industrial Average rose 1.0 percent to 19,963.80. The blue-chip index set an intraday high of 19,999.63. The S&P 500 increased 1.7 percent in the holiday-shortened week to end at an all-time high of 2,276.98. The Nasdaq rocketed 2.6 percent during the week to finish at an record level of 5,521.06. All key S&P sectors finished in positive territory for the week, led by health care. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.3. Read More

3 out of 4 Model Portfolios gained double digit returns in 2016!

January 1st 2017

Market Review

All three U.S. indexes finished the last week of the year in negative territory. The Dow Jones Industrial Average lost 0.9 percent for the week to end at 19,762.60. The blue-chip index is 3.3 percent up for December and recorded a yearly gain of 13.4 percent. The S&P 500 declined 1.1 percent to 2,238.38 in the holiday-shortened week, after completing the month with 1.8 percent and the year with a 9.5 percent gain. The Nasdaq lost 1.5 percent for the week to finish at 5,383.12. The tech-heavy gained 1.1 percent in December and 7.5 percent in 2016. All main S&P 500 groups retreated for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14. Read More

Expect to see further bullish biased sideways trading!

December 25. 2016

Market Review

All three major U.S. averages finished the week with small gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.5 percent to end at 19,933.81. The blue-chip index logged its seventh straight weekly gain, the longest winning streak in two years, and is up just over 14 percent for the year. The S&P 500 returned 0.3 percent for the week to finish at 2,263.76. The broad index has risen nearly 11 percent this year. The Nasdaq advanced 0.3 percent for the week to finish at 5,462.69. Over the year, the tech-heavy index gained 9 percent. Among the key S&P sectors, financials and technology were the best weekly performer, while materials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.6. Read More

Market reached a new all-time high but period of consolidation ahead!

December 18. 2016

Market Review

After rallying towards a new all-time high on Tuesday, U.S. stocks lost some steam and finished the week nearly unchanged. For the week, the Dow Jones Industrial Average gained 0.4 percent to close at 19,843.41. The S&P 500 lost less than 0.1 percent to end at 2,258.07. The Nasdaq decreased 0.1 percent for the week to end at 5,437.16. Among the key S&P sectors, telecom was the best weekly performer, while industrials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 12.2. Read More

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

December 11. 2016

Market Review

U.S. stocks rallied for the week, lifting the three major indexes to new records highs. For the week, the Dow Jones Industrial Average added 3.1 percent, to 19,756.85. The blue-chip average recorded its fifth week of consecutive gains. The S&P 500 booked also a 3.1 percent weekly gain to finish at 2,259.53. The broad index notched its best winning streak since June 2014. The Nasdaq rocketed 3.6 percent in five trading days to 5,444.50. All key S&P sectors finished in positive territory for the week, led by financials and technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 11.8. Read More

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