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

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