Stocks tumble to end volatile week! More selling pressure ahead!

December 20. 2015

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average lost 0.8 percent over the week to close at 17,128.45. The S&P 500 lost 0.3 percent for the week to finish at 2,005.52. The Nasdaq slid 0.2 percent for the week to end at 4,923.08. Among the 10 key S&P sectors, materials were the worst performer and utilities the best. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held above 20. Read More

Correction risk is increasing as market breadth had to take a hard hit!

December 13. 2015

Market Review

The S&P 500 dropped 3.8 percent for the week to finish at 2,012.37. The Nasdaq lost 4.1 percent for the week to end at 4,933.47. Among the key S&P sectors, utilities were the best weekly performer, while energy dragged. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, jumped to 24. Read More

Situation remains quite unchanged (as market remains in consolidation mode)

December 06. 2015

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average gained 0.3 percent over the week to close at 17,847.63. The S&P 500 added 0.1 percent for the week and finished at 2,091.69. The Nasdaq added 0.3 percent from the week-ago close to 5,142.27. Among the key S&P sectors, technology was the top gainer and energy the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held below 15. Read More

Market breadth is regaining strength!

November 29. 2015

Market Review

U.S. stocks finished the week nearly unchanged. The Dow Jones Industrial Average lost 0.1 percent over the week to close at 17,798.49. The S&P 500 was flat over the week and finished at 2,090.11. The Nasdaq added 0.4 percent from the week-ago close to 5,127.52. Among the key S&P sectors, consumer staples and energy were the top gainers and utilities the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held above 15. Read More

Smells like a broader based trading range!

November 22. 2015

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 3.3 percent over the week to close at 17,823.95. The S&P 500 jumped 3.3 percent for the week to finish at 2,089.16. The weekly gain was the best since December 2014. The Nasdaq rocketed 3.6 percent over the past five days to end at 5,104.92. All key S&P sectors ended in positive territory for the week, led by consumer discretionary. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 16. Read More

Correction risk is increasing as market breadth had to take a hard hit!

November 15. 2015

Market Review

U.S. stocks ended the week with steep losses, snapping a six-week winning streak. The Dow Jones Industrial Average slumped 3.7 percent over the week to 17,245.10, its worst weekly drop since September. The S&P 500 dropped 3.6 percent for the week to finish at 2,023.04, its worst weekly fall since September 4. The benchmark index turned negative for the year and fell below its 200-day moving average. The Nasdaq slumped to 4,927.88 and finished the week 4.3 percent lower, the tech-heavy indexes worst weekly drop since Aug. 21. Among the key S&P sectors, energy fell nearly 6 percent as the worst performer for the week, while utilities was the only sector to post gains for the week, up 0.3 percent. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, topped 20 for the first time since Oct. 6. Read More

Short-term vulnerable, but mid-term bullish set-up remains unchanged!

November 08. 2015

Market Review

U.S. stocks finished the week with gains. The Dow Jones Industrial Average rose 1.4 percent from the prior Friday's close, to end at 17,910.33. The S&P 500 soared 1.0 percent for the week to end at 2,099.20. The Nasdaq climbed 1.9 percent to finish at 5,147.12. All three averages posted their longest period of weekly gains since late last year. 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, fell below 15. Read More

Consolidation in progress and more to come!

November 01. 2015

Market Review

Not surprisingly, 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 0.1 percent to end at 17,663.54. The blue-chip index gained 8.5 percent over the month. The S&P 500 added 0.2 percent for the week to finish at 2,079.36. For the month, the benchmark index gained 8.3 percent. The Nasdaq advanced 0.4 percent for the week to finish at 5,053.75. Over the month, the tech-heavy index gained 9.4 percent. All three averages recorded their biggest monthly gains since October 2011. The monthly point gains for both the S&P 500 and Dow are the biggest on record. Among the key S&P sectors, health care was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 15. Read More

Short-term toppish, but bullish outlook remains unchanged!

October 25. 2015

Market Review

U.S. stocks rallied for the week. The Dow Jones Industrial Average advanced 2.5 percent over the week to close at 17,646.97. The S&P 500 booked a 2.1 percent gain over the week and closed at 2,075.16. The benchmark index turned positive for the year. The Nasdaq rocketed 3.0 percent for the week to 5,031.86, its strongest weekly advance since July. Most key S&P sectors finished higher, led by technology and industrials, while energy ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14. Read More

Healthy breather possible ? Keep buying the dips!

October 18. 2015

Market Review

U.S. stocks finished another week of gains. The Dow Jones Industrial Average advanced 0.8 percent over the week to close at 17,215.97. The S&P 500 eked out a gain of 0.9 percent for the week to finish at 2,033.11. The Nasdaq rose 1.2 percent from last Friday's close and ended at 4,886.69. Among the key S&P sectors, utilities was the greatest gainer for the week, while materials and industrials were the only negative sectors for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 15. Read More

Bottom confirmed ? Buy the dips!

October 11. 2015

Market Review

U.S. stocks rallied for the week, with the major averages posting their biggest weekly gains in months. For the week, the Dow Jones Industrial Average jumped 3.7 percent to close at 17,084.49. The blue-chip average posted its biggest weekly gain since February. The S&P 500 soared 3.3 percent during the week to 2,014.89, its best since December. The Nasdaq climbed 2.6 percent over the week to 4,830.47. All 10 S&P sectors finished higher for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 17. Read More

Smells like bottom building, but bullish impulses missing as well!

October 04. 2015

Market Review

Major US equity indexes ended higher in extremely volatile trading last week. To be more precise, stocks fell sharply at the start of the week, reaching back toward the lows they had established at the end of August. On Tuesday, the S&P 500 had dropped towards our preferred price target of 1,871.91, before a strong two-day rally on Wednesday and Thursday brought some relief. On Friday, the Dow and S&P 500 closed up more than 1 percent for their biggest intraday upside reversal since October 2011. In the end, all three U.S. major averages posted modest gains for the week. The Dow Jones Industrial Average gained 1.0 percent from the prior Friday's close to end at 16,472.37. The S&P 500 also added 1.0 percent for the week to end at 1,951.36. The Nasdaq added 0.5 percent from the week-ago close to 4,707.78. Most key S&P sectors ended in positive territory for the week, led by materials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21. Read More

Second down-leg forming! No signs for major bottom at the moment!

September 27. 2015

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average fell 0.4 percent in five trading days to end at 16,314.67. The S&P 500 booked a 1.4 percent loss over the week and closed at 1,931.34. The Nasdaq dropped 2.9 percent for the week to 4,686.50. All three major averages are negative for 2015. Most key S&P sectors ended in negative territory for the week, led by health care. Financials, utilities and consumer staples were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 23. Read More

Recovery still looks outright corrective! Expect another down-leg soon!

September 20. 2015

Market Review

After rallying from Monday to Thursday, U.S. stocks finally ended the week with a mixed performance. The Dow Jones Industrial Average fell 0.3 percent for the week to close at 16,384.79. The S&P 500 recorded a weekly loss of 0.2 percent and closed at 1,958.08. The broad-index erased its gain for the week on Friday, after rallying as much as 1.5 percent. The Nasdaq eked out a small weekly gain of 0.1 percent to end at 4,827.23. Among the key S&P sectors, utilities and consumer staples was the best weekly performer, while financials and materials dragged. The CBOE Volatility index (VIX) considered the best gauge of fear in the market, held above 22.5. Read More

Bouncing into expiration likely, but tape confirmation is still missing!

September 13. 2015

Market Review

U.S. stocks ended the holiday-shortened week on a high note, with the main indexes advancing and posting solid weekly gains. The Dow Jones Industrial Average rose 2.0 percent for the week to close at 16,432.89. Among the blue-chip companies, 25 finished the week with gains. The S&P 500 gained 2.1 percent from last Friday's close to finish at 1,961.01. The Nasdaq advanced 3.0 percent for the week to finish at 4,822.34. Among the key S&P sectors, technology and health-care stocks led the gains this week, while the energy sector was the only decliner for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended the week near 23. Read More

Retest of recent low possible before bounce could bring some relief!

September 06. 2015

Market Review

U.S. stocks finished another week with deep losses and with the main benchmarks recording weekly losses of more than 3 percent. For the week, the Dow Jones Industrial Average dropped 3.3 percent to 16,102.38. Among the blue-chip stocks, 29 out of 30 posted weekly losses. The Dow lost more than 1,550 points over the past two weeks. The S&P 500 fell 3.4 percent during the week to 1,921.22. The second-biggest retreat since December behind the 5.8 percent plunge it suffered in the five days through Aug. 21. The Nasdaq posted a 3.0 percent weekly loss and finished at 4,683.92. Among the S&P sectors, the biggest decliners this week were utilities stocks, which shed 5.2 percent since, while health-care and financials stocks lost 4.4 percent and 4.3 percent respectively. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 27.5. Read More

Market moves in line with our cyclical roadmap!

August 30. 2015

Market Review

U.S. stocks wrapped up one of the most tumultuous weeks of trading in recent memory with modest weekly gains after closing little changed on Friday. The Dow Jones Industrial Average finished at 16,643.01. The blue chip index was down 6.6 percent at its lows for the week and ended up 1.1 percent in its biggest reversal since the last week of October 1987. The S&P 500 recorded a 0.9 percent weekly gain to close at 1,988.87. The broad index?s 0.9 percent gain for the week masks a volatile period in which the benchmark plunged the most since 2011 to enter a correction, only to rally more than 6 percent over two days. The gauge is down 5.5 percent for the month. The Nasdaq Composite finished at 4,828.32. The tech-index ended up 2.6 percent for the week, recovering more than a 8.79 percent plunge, in its biggest intra-week reversal on record. The index is the only major average positive for the year so far. Most key S&P sectors ended in positive territory for the week, led by energy. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded above 27. Read More

Correction fully in force ? S&P 500 suffered worst week since 2011!

August 23. 2015

Market Review

Right in line with our recent call, U.S. stocks finished the week with deep losses and with the main benchmarks recording their deepest weekly declines since 2011. For the week the Dow Jones Industrial Average dropped 5.8 percent to 16,459.55, marking a pullback of more than 10 percent from its record close set in May. The S&P 500 also lost 5.8 percent over the week to end at 1,970.90. Both, the Dow and the S&P 500, posted their biggest weekly declines since September 2011. The Nasdaq declined 6.8 percent from the week ago close to finish at 4,706.04. The weekly fall was the largest for the tech-heavy index since August 2011. Energy was the worst decliner for the week, with no sectors posting weekly gains. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded above 28. Read More

Consolidation still looks outright corrective!

August 16. 2015

Market Review

All three major U.S. averages finished the week with modest gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.6 percent to end at 17,477.40. The S&P 500 added 0.7 percent for the week to finish at 2,091.54. The Nasdaq advanced 0.1 percent from the week-ago close to 5,048.24. Energy and financials led gainers among the S&P?s 10 major sectors. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read More

Further ingredients for a correction at hand!

August 09. 2015

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 1.8 percent over the week to 17,373.38. The longest losing streak for the index since the height of the debt-ceiling drama in the summer of 2011. The S&P 500 dropped 1.3 percent for the week to finish at 2,077.57. The Nasdaq lost 1.7 percent for the week to end at 5,043.54. Most key S&P sectors ended in negative territory for the week, led by energy. Utilities were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded above 14. Read More

Technical set-up remains extremely damaged and, therefore, unchanged!

August 02. 2015

Market Review

U.S. stocks finished the week with modest gains. The Dow Jones Industrial Average gained 0.7 percent for the week to finish at 17,690.66. The blue-chip index booked a 0.4 percent gain over the month. The S&P 500 added 1.2 percent for the week to close at 2,103.90. The broad index booked a 2 percent gain over the month. The Nasdaq advanced 0.8 percent for the week to end at 5,218.28. The technology-laden index recorded a monthly gain of 2.9 percent. Among the key S&P sectors, utilities 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 12.5. Read More

The Dow had its worst week since January! More to come (soon)!

July 26. 2015

Market Review

U.S. stocks finished the week with deep losses. The Dow Jones Industrial Average slumped 2.9 percent over the week to 17,568.53. The S&P 500 dropped 2.2 percent for the week to finish at 2,079.65. The weekly decline for the benchmark was the steepest since March. The Nasdaq lost 2.3 percent for the week to end at 5,088.63. Among the key S&P sectors, all sectors ended lower for the week, with materials plunging nearly 5.5 percent as the worst performer for the 5-day period. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, traded near 14. Read More

Don’t get nervous ? Market remains in a bounce mode!

July 19. 2015

Market Review

U.S. stocks ended the week with gains. The Dow Jones Industrial Average booked a 1.8 percent weekly gain to end at 18,086.45. The S&P 500 recorded a 2.4 percent gain over the week and closed at 2,126.64. It's first weekly gain after three weeks of declines. The Nasdaq rocketed 4.3 percent for the week to close at 5,210.14. Nearly all key S&P sectors ended in positive territory for the week led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held just above 12. Read More

Watch out! Market is extremely vulnerable at the moment!

July 12. 2015

Market Review

Trading was full of ups and downs last week. The Dow opened the week on Monday at 17,728.08, fell by over 200 points on Wednesday, and recovered on Friday to close the week up 41.33 points to 17,760.41. The Nasdaq and S&P 500 indices followed a similar trend, although neither market could match the Dow's gains. The Nasdaq opened the week at 5,024.30 and closed it at 4,997.70, with a big plunge on Wednesday and steady recovery during the later part of the week. The S&P 500 opened at 2,073.94 and closed at 2,076.62 on Friday, for a gain of 2.68 points. In end the, the Dow Jones Industrial Average eked out a weekly gain of 0.2 percent, the S&P 500 ended virtually flat, whereas the Nasdaq declined 0.2 percent last week. Among the key S&P sectors, consumer staples were the best weekly performer, while materials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell below 17. Read More

Final confirmation for our summer top scenario!

July 05. 2015

Market Review

In line with our recent call, U.S. stocks ended a volatile holiday-shortened week with losses. The Dow Jones Industrial Average fell 1.2 percent over the week to 17,730.11. The S&P 500 recorded a weekly loss of 1.2 percent as well and closed at 2,076.27. The Nasdaq booked a 1.4 percent loss over the week and finished at 5,009.21. Among the key S&P sectors, utilities was the only sector to post gains for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher near 17. Read More

Stay alert! Current consolidation still looks outright corrective!

June 28. 2015

Market Review

U.S. stocks finished the week in negative territory. For the week, the Dow Jones Industrial Average slid 0.4 percent to 17,947.48. The S&P 500 dropped 0.4 percent as well to finish at 2,101.50. The broad-index marked its longest streak since 1993 without posting a weekly move of more than 1 percent. The Nasdaq shed 0.7 percent from the week-ago close to 5,110. 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 near 14. Read More

Any upcoming bounce should be corrective!

June 21. 2015

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average eked out a small gain 0.3 percent to close at 17,898.84. The S&P 500 finished at 2,094.11 and ended the week up 0.06 percent for the longest streak of sub-1 percent weekly moves since 1993. The Nasdaq lost 0.3 percent for the week to end at 5,051.10. Among the key S&P sectors, health care 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. Read More

The air is getting thinner (as technical picture remains outright damaged)!

June 14. 2015

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average eked out a small gain 0.3 percent to close at 17,898.84. The S&P 500 finished at 2,094.11 and ended the week up 0.06 percent for the longest streak of sub-1 percent weekly moves since 1993. The Nasdaq lost 0.3 percent for the week to end at 5,051.10. Among the key S&P sectors, financials were the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), a measure of investor uncertainty, fell to 13.78. Read More

Watch out! Market looks extremely vulnerable at the moment!

June 07. 2015

Market Review

Last week all three major U.S. averages ended in negative territory. For the week the Dow Jones Industrial Average dropped 0.9 percent to 17,849.46. The S&P 500 dropped 0.7 percent to 2,092.83 during the week. The broad index stands at its lowest level since May 7 after falling for two weeks in a row. The benchmark index has trimmed its year-to-date gain to 1.7 percent. The Nasdaq Composite dipped less than 0.1 percent from last Friday's close, ending at 5,068.46. Of the key S&P sectors, utilities led decliners, while financials led advancers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14. The index posted its second consecutive week of gains. Read More

More evidences for a major summer top!

May 31. 2015

Market Review

U.S. stocks closed the week with stronger losses. The Dow Jones Industrial Average lost 1.2 percent over the week to close at 18,010.68. The S&P 500 shed 0.9 percent for the week to finish at 2,107.39. The Nasdaq slid 0.4 percent for the week to end at 5,032. The tech-heavy index gained 2.6% over the month, however. All 10 key S&P sectors ended lower for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14. Read More

Record highs into June likely as market internals are strengthening!

May 24. 2015

Market Review

The three major U.S. averages finished the last week with a mixed performance. For the week, the Dow Jones Industrial Average fell 0.2 percent to close at 18,232.02. The S&P 500 gained 0.2 percent over the week to close at 2,126.06. The broad index closed at records on two of the five days. The Nasdaq, in contrast, added 0.8 percent for the week to end at 5,089.36. Among the key S&P sectors, health care was the best weekly performer, while consumer staples dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12 after hitting a year-to-date low of 11.82. Read More

Market-breadth improvements but pull-back risk remains intact!

May 17. 2015

Market Review

The major benchmarks drifted lower for much of the week but ended modestly higher thanks to a strong and broad rally on Thursday. As a matter of fact, U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.5 percent for the week to end at 18,272.62. The S&P 500 advanced 0.3 percent from last Friday?s close to finish at 2,122.71, a fresh record. The Nasdaq climbed 0.9 percent over the week to 5,048.29. Most key S&P sectors finished higher, led by consumer staples, while energy and financials ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12. Read More

Correction risk is forming ? Time to place a stop loss order!

May 10. 2015

Market Review

U.S. stocks finished slightly higher after a turbulent week. The S&P 500 eked out a small gain of 0.4 percent for the week to finish at 2,116.09. The Dow Jones Industrial Average advanced 0.9 percent over the week to close at 18,191.11. The Nasdaq ended at 5,003.55 and, thus, finished the week roughly where it started. Nearly all key S&P sectors ended higher for the week, led by financials. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed at 12.89. Read More

Market vulnerable for a pullback but still a bit too early for a strategic sell signal!

May 03. 2015

Market Review

All three major U.S. averages finished the week with modest losses. The Dow Jones Industrial Average lost 0.3 percent over the week to close at 18,024.06. The S&P 500 lost 0.4 percent for the week to finish at 2,108.29. The Nasdaq slid 1.7 percent for the week to end at 5,005.39. Three out of the 10 key S&P sectors ended higher for the week, led by materials. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed at 12.69. Read More

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

April 26. 2015

Market Review

U.S. stocks ended the week with solid gains pushing the main indices to new record highs. The Dow Jones Industrial Average added 1.4 percent over the week to end at 18,080.14. The S&P 500 recorded a 1.8 percent gain over the week to close at a record high of 2,117.70. The Nasdaq advanced 3.3 percent from last Friday's close to finish at a record high of 5,092.08. The technology-laden index posted the biggest weekly gain since October 2014. All key S&P sectors finished positive for the week, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12. Read More

Too early to get nervous as bullish set-up remains unchanged!

April 19. 2015

Market Review

U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average lost 1.3 percent for the week to end at 17,826.10. The S&P 500 declined 1.0 percent from last Friday?s close to finish at 2,081.16. Both the S&P 500 and Dow recorded their first weekly losses after two consecutive weeks of gains. The Nasdaq lost 1.3 percent over the week to 4,931.81. Among the key S&P sectors energy was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14. Read More

Sustainable break-out ahead! Buy the dips!

April 12. 2015

Market Review

In line with our recent call, U.S. stocks ended the week with strong gains. The Dow Jones Industrial Average advanced 1.7 percent over the week to end at 18,057.65. The S&P 500 recorded also a 1.7 percent gain over the week and closed at 2,102.05. The Nasdaq climbed 2.2 percent for the week to 4,995.98. All key S&P sectors ended in positive territory for the week led by energy. The Chicago Board Options Exchange Volatility Index (VIX), the gauge of S&P 500 options known as the VIX, dropped to 12.51. Read More

Positive divergences are increasing!

April 05. 2015

Market Review

U.S. stocks finished the Easter-shortened week nearly unchanged. For the week the Dow Jones Industrial Average advanced 0.3 percent to end at 17,763.24. The S&P 500 rose 0.3 percent over the week to 2,066.96. The Nasdaq lost 0.1 percent for the week to end at 4,886.94. Most key S&P sectors ended in positive territory for the week, led by utilities. Health care was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.7. Read More

Market will punch its way higher (soon)!

March 29. 2015

Market Review

U.S. stocks closed steadily lower this week, dropping big on Tuesday and Wednesday while never fully recovering. For the week, the Dow Jones Industrial Average dropped 2.3 percent to 17,712.66, whereas the S&P 500 dropped 2.2 percent to 2,061.02. Both the Dow and the S&P 500 suffered their worst week since Jan 30. The Nasdaq declined 2.7 percent from last Friday's close, ending at 4,891.22. The heavy-tech index had its worst since week since October. All key S&P sectors finished in the red for the week, dragged by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15. Read More

Market still remains vulnerable! Make or break set-up is forming!

March 22. 2015

Market Review

U.S. stocks closed out the week with strong gains. For the week, the Dow Jones Industrial Average soared 2.1 percent to end at 18,127.65. The S&P 500 rocketed 2.7 percent from last Friday's close to finish at 2,108.06. The Nasdaq gained 3.2 percent during the week to end at 5,026.42. The tech-index had its best weekly gain since the week ending October 31 as the index approached its 15-year record closing high of 5,048.62. Most key S&P sectors finished higher, led by health care and utilities, while materials ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read More

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

March 15. 2015

Market Review

Stocks ended lower after a quite volatile week of trading. In the end, the Dow Jones Industrial Average lost 0.6 percent during the week to close at 17,749.31. The S&P 500 slipped 0.9 percent to 2,053.40 in the week. The Nasdaq lost 1.1 percent over the week to end at 4,871.76. Most key S&P sectors ended in negative territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16. Read More

Short-term weaknesses, long-term strength!

March 08. 2015

Market Review

U.S. stocks recorded a second straight week of losses. The Dow Jones Industrial Average fell 1.5 percent in five trading days to end at 18,056.78. The S&P 500 recorded a 1.6 percent loss over the week and closed at 2,071.26. The broad index suffered its steepest decline in two months. The Nasdaq dropped 0.7 percent for the week to 4,927.47. All key S&P sectors ended in negative territory for the week led by utilities. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15. Read More

Healthy breather possible!

March 01. 2015

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average lost less than 0.1 percent to close at 18,132.7, whereas the S&P 500 decreased 0.3 percent to end at 2,104.51. The tech-heavy Nasdaq rose 0.2 percent for the week to end at 4,963.53. Most key S&P sectors ended in negative territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded below 14. Read More

More confirmation for higher equity prices into late Q1!

February 22. 2015

Market Review

Right in line with our recent call, U.S. stocks rose for the week, sending the S&P 500 and Dow Jones Industrial Average to record levels. For the week, the Dow Jones Industrial Average advanced 121.09 points, or 0.7 percent, to 18,140.44 to top its closing high from Dec. 26. The S&P 500 climbed 0.6 percent to a record 2,110.3 in the holiday-shortened week, its third record close for the year. The Nasdaq advanced 1.3 percent from last Friday's close to 4,955.97. Most key S&P sectors ended in positive territory for the week, led by health care. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell to 14.30. Read More

Strong tape improvements – Expect to see further gains into Q1!

February 15. 2015

Market Review

U.S. stocks ended the second straight week with solid gains. The Dow Jones Industrial Average gained 1.1 percent for the week to close at 18,019.35. The blue-chip index finished above 18,000 for the first time this year. The S&P 500 rallied 2 percent over the week to end at 2,096.99. The Nasdaq jumped 3.2 percent over the past five days to close at 4,893.84, the highest level since March 2000. Most key S&P sectors ended in positive territory for the week, led by technology. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell 15 percent to 14.69. Read More

Stuck in the middle!

February 08. 2015

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 3.8 percent over the week to close at 17,824.29. The blue-chip index had its best week since January 2013. The S&P 500 jumped 3.0 percent for the week to finish at 2,055.47. The weekly gain was the best since December 2014. The Nasdaq advanced 2.4 percent over the past five days to end at 4,744.40. Most key S&P sectors ended in positive territory for the week, led by energy. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 18. Read More

S&P500 remains extremely vulnerable!

February 01. 2015

Market Review

U.S. stocks ended the week with deep losses. The Dow Jones Industrial Average lost 2.9 percent during the week and closed at 17,164.95. The S&P 500 dropped 2.8 percent from last Friday's close to 1,994.99. The Nasdaq lost 2.6 percent over the week to 4,635.24. The Dow finished January down 3.7 percent while the S&P dropped 3.1 percent and the Nasdaq 2.1 percent. All key S&P sectors finished in red, led by technology. The Chicago Board Options Exchange Volatility Index ended at 20.97. Read More

Tape recovery, but divergences remain a threat!

January 25. 2015

Market Review

After being closed on Monday for the Martin Luther King, Jr. holiday, U.S. markets gathered momentum throughout most of the week, whereas positive news from the ECB bond buying program appeared to drive much of the gains. The Dow Jones Industrial Average recorded a weekly increase of 0.9 percent and finished at 17,672.60. The S&P 500 climbed 1.6 percent to 2,051.82 during a holiday-shortened week. The Nasdaq closed at 4,757.88 and rose 2.7 percent during the week, its biggest such advance since October. Technology was the top gainer among the S&P 500?s 10 major sectors. The CBOE Volatility Index (VIX), known as Wall Street?s ?fear gauge,? fell more than 20 percent for the week and ended at 16.66. Read More

Watch out! Further confirmation for a correction!

January 18. 2015

Market Review

In last week's comment we highlighted the fact that we expected to see further sharp swings in both directions as the market remained in a tug-of-war for the very short-time frame. Moreover, we mentioned that we remained outright cautious as the current consolidation period could easily turn out to be corrective in its nature! In fact, after several extreme volatile sessions, stocks finished lower on the week, down about 1 percent. Although major U.S. benchmarks remained within 4 percent of their all-time or multiyear highs, the technical picture of the market continued to deteriorate, especially on a mid-term time frame. Therefore, major troubles might be at hand soon! Read More

Stay alerted! Make or break setup is forming!

January 11. 2015

Market Review

Last week all three major U.S. averages ended in negative territory again. The Dow Jones Industrial Average dropped 0.5 percent from last Friday's close to 17,737.37. The S&P 500 dropped 0.7 percent to 2,044.81 during the week. The Nasdaq Composite recorded a 0.5 percent loss for the week and closed at 4,704.07. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. The CBOE Volatility Index, a measure of investor uncertainty, fell to 17.55. Read More