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

After a short consolidation period, expect further gains into January!

January 04. 2015

Market Review

All three U.S. indexes finished the first week of the year in negative territory. For the week, the Dow Jones Industrial Average lost 1.2 percent to 17832.99. The S&P 500 dropped 1.5 percent to 2,058.20 in the holiday-shortened week. The Nasdaq lost 1.7 percent from last Friday's finish to 4726.8. All key S&P sectors finished in the red for the week, dragged by technology. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, advanced to 17.79. Read More

Broader confirmation within our indicator framework!

December 28. 2014

Market Review

U.S. stocks rallied for Christmas holiday shortened-week, with the Dow Jones Industrial Average and S&P 500 Index closing at record highs. For the week, the Dow Jones Industrial Average gained 1.4 percent, to 18,053.71. The blue-chip index closed at a record for the 38th time this year. The S&P 500 rose 0.9 percent from last Friday's close to 2,088.77. Its 52nd record close this year. The Nasdaq advanced 0.9 percent over the week to 4,806.86. The technology-laden index closed at its highest level since March 2000. Eight out of the 10 key S&P sectors ended in positive territory for the week, led by utilities. The CBOE Volatility Index, a measure of investor uncertainty, fell to 14.5. Read More

Dumb money got terrible grilled last week!

December 21. 2014

Market Review

U.S. stocks ended a turbulent week with the biggest weekly gain since October. The Dow Jones Industrial Average jumped 3 percent from the week-ago finish to 17,804.80. The Standard & Poor?s 500 surged 3.4 percent from the prior Friday's close to 2,070.65, slightly below its all-time high. The broad index recorded its biggest weekly gain in nearly two years. The Nasdaq advanced 2.4 percent from last Friday's close to 4,765.80. All key S&P sectors finished the week in positive territory, led by energy. The CBOE Volatility Index, or VIX, fell 22 percent in the week to 16.49, the most since October. Read More

More confirmation for our multi-week & corrective rebound scenario!

December 14. 2014

Market Review

U.S. stocks finished the week in negative territory, with all major benchmark indexes posting sizable weekly losses. The Dow Jones Industrial Average lost 3.8 percent from the week-ago close to finish at 17,280.83, its worst weekly loss since November 2011. The S&P 500 suffered a weekly loss of 3.5 percent to end at 2,002.34. The broad index recorded its worst weekly hit since May 2012. The Nasdaq recorded a weekly decline of 2.7 percent to 4,310.65. Most key S&P sectors ended in red for the week, led by energy. Utilities were the only gainers. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, jumped to 21.08. Read More

Minor pullback possible, before year-end rally will bring further gains!

December 07. 2014

Market Review

Last week, all three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average added 0.7 percent, to close the week at a record of 17958.79. The blue-chip benchmark advanced for a seventh consecutive week. The S&P 500 increased 0.5 percent over the five days to a record of 2075.37, extending the benchmark index?s rally also to a seventh straight week. The Nasdaq declined 0.2 percent to 4780.76, it first weekly drop in seven. Of the 10 major sectors, consumer stocks led decliners, while financials led advancers. The CBOE Volatility Index, a measure of investor uncertainty, fell to 11.84. Read More

Trend remains well intact! (But contrarian indicators remain threatening)

November 30. 2014

Market Review

U.S. stocks rose for the holiday-shortened week, capping a second straight monthly increase. The Dow Jones Industrial Average eked out a gain of 0.1 percent for the week to close at a record of 17,828.24. The S&P 500 rose 0.2 percent over the week to end at 2,067.58. Both the Dow and S&P 500 posted a second straight month of gains and the 8th in 11 months this year. Additionally, both indexes barely held onto their 6th straight week of gains, their longest winning streak in a year. The Nasdaq jumped 1.7 percent over the week to close at 4,791.63, its first 6-week win streak since February 2013. Technology and health care 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

Seasonal tailwinds ahead (but divergences remain a burden)

November 23. 2014

Market Review

U.S. stocks gained for a fifth week, with benchmark indexes reaching all-time highs. For the week, the Dow Jones Industrial Average gained 175.32 points, or 1 percent, to 17,810.06. The blue-chip index closed at a record for the 28th time this year. The S&P 500 rose 1.2 percent to 2,063.50 for the five days. Its biggest weekly advance this month and its 45th record close for the year. The Nasdaq advanced 0.5 percent from last Friday's close to 4,712.97. All key S&P sectors ended in positive territory, led by materials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded just above 13. Read More

Stay alerted: Major non-confirmations within our indicator framework!

November 16. 2014

Market Review

All three major indexes advanced for a fourth week. In the five trading days the Dow Jones Industrial Average climbed 60.81 points, or 0.4 percent, to 17,634.74. The S&P 500 rose 0.4 percent to 2,039.82 for the five days, ending the week at an all-time high. The broad index is up just over 10 percent for the year. The Nasdaq Composite Index jumped to 4,688.54, up 1.2 percent from last Friday's finish. Among the key S&P sectors, materials were the best weekly performer, while energy dragged. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, gained 1.5 percent to 13.31 for the five days. Read More

Market is getting increasingly toppish!

November 09. 2014

Market Review

U.S. stocks finished the week with modest gains and with record highs for two of the three main benchmarks. For the week, the Dow Jones Industrial Average added 1.0 percent to 17,573.93. The S&P 500 advanced 0.7 percent to 2,031.92 for the five days. Both, the Dow and S&P 500, posted their next record highs. The Nasdaq closed at 4,632.53, remaining in positive turf for the week. Nearly all key S&P sectors ended in positive territory, led by, consumer staples. The CBOE Volatility Index, a measure of investor uncertainty, dropped 6.5 percent last week to 13.12, the lowest level since Sept. 19. Read More

More evidences for our complex multi-week rebound scenario!

November 02. 2014

Market Review

U.S. stocks rallied for the week, capping a monthly advance and returning benchmark indexes to records. The Dow Jones Industrial Average jumped 3.5 percent during the week to at a record level of 17,390.52. The blue-chip average had its best week since January 2013 and is up 2 percent for the month. The S&P 500 rose 2.7 percent to 2,018.05 in the week, topping its Sept. 18 record on the final day. The index added 2.3 percent in October. The Nasdaq rallied 3.2 percent for the week to 4,630.74 and closed at the highest level since March 2000. The technology-laden index is up 3.1 percent from the month-ago finish. All 10 of the main S&P 500 groups advanced in the week, led by technology. The Chicago Board Options Volatility Index (VIX) tumbled 13 percent to 14.03 for a second week of losses. The gauge known as the VIX plunged 47 percent since Oct. 15 when it closed at the highest since June 2012. Read More

S&P 500 had its biggest weekly gain since 2013!

October 26. 2014

Market Review

U.S. stocks rallied for the week. The Dow Jones Industrial Average achieved a 2.6 percent gain during the week and closed at 16,805.41. The S&P 500 rocketed 4.1 percent in five trading days to end at 1,964.58. The benchmark snapped a four-week losing streak and had its biggest weekly percent gain since January 2013. The Nasdaq gained 5.3 percent for the week to end at 4,483.72. All key S&P sectors ended in positive territory for the week, led by health care. The CBOE Volatility Index, a measure of investor uncertainty, dropped to 16.11. Read More

S&P 500 reached exactly our lower price target ? Time to cover your shorts!

October 19. 2014

Market Review

Last week all three major U.S. averages ended in negative territory again. For the week the Dow Jones Industrial Average dropped 1.0 percent to 16,380.41. The S&P 500 also dropped 1.0 percent to 1886.76 during the week. The Nasdaq Composite declined 0.4 percent from last Friday's close, ending at 4258.44. All averages were down for the fourth week. Among the key S&P sectors, industrials were the best weekly performer, while health care dragged. The CBOE Volatility Index, a measure of investor uncertainty, ended at 21.99. Read More

Correction fully in force! S&P 500 hits critical support levels!

October 12. 2014

Market Review

In line with our recent call, U.S. stocks ended the week with deep losses and with the main benchmarks recording their deepest weekly declines in more than two years. For the week the Dow Jones Industrial Average dropped 2.7 percent to 16,544.10. The blue-chip index turned negative for the year. The S&P 500 lost 3.1 percent over the week to end at 1,906.13. The benchmark index suffered its biggest weekly drop since May 2012. The Nasdaq declined 2.3 percent from the week ago close to finish at 4,276.24. The tech-heavy benchmark suffered also its worst weekly decline since May 2012. Most key S&P sectors ended in negative territory for the week, led by energy. Utilities and consumer staples were the only gainers. The Chicago Board Options Exchange Volatility Index (VIX) jumped above 20 for the first time since February, surging 46 percent for the week. Read More

Second down-leg! More to come after an oversold bounce!

October 05. 2014

Market Review

Last week all three major U.S. averages ended in negative territory. For the week the Dow Jones Industrial Average dropped 0.6 percent to 17,009.69. The S&P 500 dropped 0.8 percent to 1,967.90 during the week. The Nasdaq declined 0.8 percent from the week-ago close, ending at 4,475.62. Most key S&P sectors ended in red for the week, led by energy. Consumer staples and utilities were the only gainers. The Chicago Board Options Exchange Volatility Index (VIX), the gauge of S&P 500 options known as the VIX, dropped to 14.55. Read More

First down-leg! More to come!

September 28. 2014

Market Review

U.S. stocks finished the week with strong losses. The Dow Jones Industrial Average lost 1 percent over the week to end at 17,113.19. The S&P 500 slumped 1.4 percent to 1,982.85 for the five days. The Nasdaq dropped 1.5 percent for the week to 4,512.19. All key S&P sectors finished in the red for the week, dragged by industrials. The Chicago Board Options Exchange Volatility Index, a measure of investor uncertainty, ended at 14.85, leaving it 23 percent higher on the week. Read More

Divergences all across the board! Correction still risk remains high!

September 21. 2014

Market Review

U.S. stocks rose for the week, sending benchmark indexes to records. The Dow Jones Industrial Average added 292.23 points during the week, or 1.7 percent, to 17,279.74, ending the week at an all-time high. The blue-chip index notched its 18th record close this year. The Standard & Poor?s 500 Index rose 1.3 percent from the prior Friday's close to a record 2,010.4. Both gauges have risen in six of the last seven weeks. The Nasdaq added 0.3 percent during the week to 4,579.79. All 10 of the S&P 500?s main groups advanced in the week. The Chicago Board Options Exchange Volatility Index (VIX), a gauge of investor concern derived from S&P 500 options prices decreased to 12.11. Read More

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

September 14. 2014

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 0.9 percent over the week to 16,987.51. The S&P 500 dropped 1.1 percent for the week to finish at 1,985.54. Both averages posted their first negative week in six weeks. The Nasdaq lost 0.3 percent for the week to end at 4,567.60. All key S&P sectors ended in red, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.5. The volatility measure jumped 10 percent this week, its biggest gain since Aug. 1. Read More

Go with the flow, but keep an eye on our trend indicators!

September 07. 2014

Market Review

All three U.S. major averages posted modest gains for the week. The Dow Jones Industrial Average gained 0.2 percent from the prior Friday's close to end at 17,137.36. The S&P 500 added 0.2 percent for the holiday-shortened week to a record 2,007.71. The weekly win streak is the longest since November for the Dow and S&P and both averages recorded their fifth consecutive weekly gains. The Nasdaq added 0.1 percent from the week-ago close to 4,582.90. Most key S&P sectors ended in positive territory for the week, led by consumer staples. The CBOE Volatility Index, a measure of investor uncertainty, finished at 12.09. Read More

Expect to see further strength into September!

August 31. 2014

Market Review

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average rose 0.6 percent from the week-ago close to 17,098.45. The S&P 500 climbed 0.8 percent for the week to 2003.37. Both, the S&P and the Dow notched for their fourth up week in a row. The Nasdaq gained 0.9 percent over the week to 4,580.2, up 4.8 percent for August. Utilities led gainers among the S&P?s 10 major sectors. The CBOE Volatility Index, a measure of investor uncertainty, ended at 11.98. Read More

Stuck in the middle!

August 24. 2014

Market Review

U.S. stocks finished another week of gains, with the S&P 500 reaching an all-time high. For the week, the Dow Jones Industrial Average added 338.31 points, or 2 percent, to 17,001.22. The S&P 500 advanced 1.7 percent to 1,988.40 for the five days. The benchmark index closed at a record high of 1,992.37 on Aug. 21. The Nasdaq added 1.7 percent from the week earlier and finished at 4,538.55. Among the key S&P sectors, financials were the best weekly performer, while energy dragged. The CBOE Volatility Index, a measure of investor uncertainty, dropped to 11.47. Read More

Bounce should be limited in price and time!

August 17. 2014

Market Review

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average rose 0.7 percent in five trading days to end at 16,662.91. The blue-chip index recorded its best weekly gain in five weeks. The S&P 500 gained 1.2 percent over the week to close at 1,955.06. The benchmark index for American equities had its best weekly gain since July 3. The Nasdaq soared 2.2 percent to 4,464.93. The tech-heavy index recorded its best week since May. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. The Chicago Board Options Exchange Volatility Index, a gauge of options prices known as VIX, lost 17 percent for the week and ended at 13.15. Read More

Corrective bounce possible! Don’t get nervous!

August 10. 2014

Market Review

All three U.S. major averages posted modest gains for the week. The Dow Jones Industrial Average gained 0.3 percent from the prior Friday's close to end at 16,553.93. On Friday, the blue-chip index had its biggest one-day percentage gain in more than 4 months. The S&P 500 added 0.3 percent for the week as well to close at 1,931.59. The Nasdaq climbed 0.4 percent in five days to 4,370.90. Most key S&P sectors ended in positive territory for the week, led by materials. The CBOE Volatility Index, a measure of investor uncertainty, finished at 15.77. Read More

Major Price Top in Place! Any upcoming bounce will be corrective!

August 03. 2014

Market Review

U.S. stocks finished the week with deep losses. The Dow Jones Industrial Average slumped 2.8 percent over the week to 16,493.37. The blue-chip index suffered its biggest decline since the week ended Jan. 24. The S&P 500 dropped 2.7 percent for the week to finish at 1,925.15, its largest percentage drop since the week ended June 1, 2012. The benchmark index is now off 3.2 percent from its July 24 record close. The Nasdaq shed 2.2 percent for the week to end at 4,352.64. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, jumped to 17.03. Read More

S&P 500 hit new all-time high but serious indications that a major top is forming!

July 27. 2014

Market Review

The three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.8 percent over the week to close at 16,960.57. The blue-chip index had its biggest weekly loss since June 14. The S&P 500 finished the week roughly where it started it and closed at 1,978.34. The Nasdaq eked out a weekly gain of 0.4 percent and closed at 4,449.56; its second straight weekly rise. Among the key S&P sectors, energy was the best weekly performer, while consumer staples dragged. The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished nearly unchanged at 12.61. Read More

Divergences are mounting up! More confirmation for our Cyclical Roadmap!

July 20. 2014

Market Review

The U.S. stock market finished a volatile week with modest gains. The Dow Jones Industrial Average rose 0.9 percent during the week to 17,100.18. The S&P 500 increased 0.5 percent from last Friday's finish to 1,881.14. The Nasdaq scored a weekly gain of 0.4 percent to close at 4,432.15. Most key S&P sectors finished higher, led by technology and financials, while health care ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished nearly unchanged at 12.06. Read More

Expect further strength ahead but small evidences for our Cyclical Roadmap visible!

July 13. 2014

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 0.7 percent over the week to end at 16,943.81. The S&P 500 slumped 0.9 percent to 1,967.57 for the five days. The Nasdaq dropped 1.6 percent for the week to 4,071.87. Both the S&P 500 and the Nasdaq recorded their worst weekly hit since April 2014. Utilities and consumer staples were the only gainers among the S&P?s 10 major sectors. The Chicago Board Options Exchange Volatility Index, a measure of investor uncertainty, ended at 12.08, leaving it 17 percent higher on the week. Read More

Expect further rallying as mid-term market breadth remains impressive!

July 06. 2014

Market Review

The U.S. stock market finished the week with solid gains and both, the S&P 500 and Dow Jones Industrial Average, closed at record levels. The Dow Jones Industrial Average gained 1.3 percent over the holiday-shortened week to close at 17,068.26. The S&P 500 was also 1.3 percent higher on the week and finished at 1,985.34. The Nasdaq rallied 2 percent for the week to close at 4,485.93 and recorded its third weekly gain in a row. Among the key S&P sectors, technology was the best weekly performer, while utilities dragged. The Chicago Board Options Exchange Volatility Index (VIX), a measure of investor uncertainty, fell to 10.32. Read More

Chances for a period of consolidation/pullback increasing!

June 29. 2014

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 0.6 percent to close at 16,851.84. The blue-chip index is up 0.8 percent for June. The S&P 500 slid 0.1 percent in five trading days to close at 1,960.96. The broad index is up 1.9 percent this month. The Nasdaq, in contrast, added 0.7 percent for the week to end at 4,397.93. The technology-laden index is up 3.7 percent for June. Among the key S&P sectors, utilities were the best weekly performer, while industrials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell to 11.26. Read More

No signs of divergences so far ? Buy the dips!

June 22. 2014

Market Review

U.S. Stocks ended another up week on a record-breaking note, with the S&P 500 and the Dow Jones Industrial Average closing at all-time highs. The Dow Jones Industrial Average climbed 1.0 percent over the week to end at 16,947.08. Friday?s close was the Dow's 11th closing record of the year. Additionally, the blue chip index also scored an all-time intraday high above 16,978, eclipsing its prior intraday record hit June 9. The S&P 500 rose 1.4 percent to 1,962.87 over the five days, also setting the next record close and its biggest weekly percentage gain since April 17. The Friday session marked the S&P's 22nd record close this year. The Nasdaq Composite added a weekly gain of 1.3 percent to 4,368.04. Utilities and energy led gainers among the S&P?s 10 major sectors. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, ended at 10.85. The measure is trading near its lowest level since 2007. Read More

Market looks vulnerable for short-term disappointments ? Buy the dips!

June 15. 2014

Market Review

All three major U.S. averages finished the week with losses. For the week, the Dow Jones Industrial Average lost 0.9 percent to 16,775.58. The S&P 500 recorded a 0.7 percent loss over the past five trading days to end at 1,936.15. The Nasdaq Composite suffered a weekly decline of 0.3 percent to 4,310.65. Energy was the only gainer among the S&P?s 10 major sectors. The Chicago Board Options Exchange Volatility Index (VIX), a gauge for U.S. stock volatility, ended at 12.18. Read More

S&P 500 successfully reached our first initial price target of 1,950!

June 08. 2014

Market Review

As highlighted in our latest call, U.S. stocks finished another week of gains with the Dow and the S&P 500 index at record highs. The Dow Jones Industrial Average gained 1.2 percent from the week ago close to finish at 16.924.28. The blue-chip index recorded its second straight record close and has notched eight closing records so far this year. The Dow?s weekly rise was also its strongest since April 17. The S&P 500 jumped 1.3 percent for the week to close at an all-time high of 1,949.44, notching its 18th record close of the year and its third straight record finish. The broad index also had its strongest weekly percentage rise since April 17. Both the S&P 500 and the Dow have each seen three straight weekly gains. The Nasdaq rocketed 1.9 percent for the week to end at 4,321.40 and posted its fourth straight weekly advance. Industrials and financials led gainers among the S&P?s 10 major sectors. The CBOE Volatility Index fell to 10.73. The gauge of U.S. equity volatility known as the VIX closed at the lowest level since February 2007. Read More

Expect further strength into June, but bearish divergences remain threatening!

June 01. 2014

Market Review

Right in line with our recent call, U.S. stocks rallied for the week, lifting the benchmark indexes to new record highs. The Dow Jones Industrial Average rose 0.8 percent in the holiday-shortened week to end at 16,717.17, topping its May 13 record. The blue-chip index notched a monthly gain of 0.8 percent. The S&P 500 gained 1.2 percent over the week to 1,923.57, also a record. The benchmark index for American equities advanced 2.1 percent in May, with both the Dow and the S&P tallying a fourth monthly gain. The Nasdaq soared 3.1 percent to 4,242.62. The tech-heavy index ended with a 3.1 percent gain in May. The monthly gain was the index?s first in three months. Among the key S&P sectors, utilities and consumer staples were the best weekly performer. The Chicago Board Options Exchange Volatility Index, a gauge of options prices known as VIX, ended at 11.40. Read More

(Due to large caps) Overshoot towards 1,950/1,970 into June possible!

May 25. 2014

Market Review

The U.S. stock market finished the week with solid gains, sending the S&P 500 to a new record high. For the week, the Dow Jones Industrial Average gained 0.7 percent to 16,606.27. The blue-chip index turned positive for the year. The S&P 500 advanced 1.2 percent over the week, breaching the 1,900-point mark for the first time to end on 1,900.53. The Nasdaq rose 2.3 percent over the past five days to 4185.81. Among the key S&P sectors, technology was the best weekly performer, while utilities dragged. The Chicago Board Options Exchange Volatility Index, VIX, dropped 8.7 percent during the five days to 11.36, the lowest level since March 2013. Wall Street's fear gauge has retreated 47 percent from a 14-month high in February. Read More

Stay alerted! Cyclical bear/correction risk is forming but final confirmation needed!

May 18. 2014

Market Review

The three major U.S. averages finished another week with a mixed performance. The Dow Jones Industrial Average lost 0.6 percent during the week to finish at 16,491.31. The blue-chip index notched a new record during the week. The S&P 500 declined less than 0.1 percent from the week ago close to end at 1,877.86. It also touched record levels during the week. The Nasdaq gained 0.5 percent over the week and ended at 4,090.59. Among key S&P sectors, technology and health care led the gainers. The Chicago Board Options Exchange Volatility Index (VIX), a gauge for U.S. stock volatility known as the VIX, dropped 5.5 percent to 12.44. The measure lost 3.7 percent during the week. Read More

Short-term toppish & more mid-term confirmation for our Cyclical Roadmap!

May 11. 2014

Market Review

All three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average eked out a 0.4 percent gain over the week to close at 16,583.34. The S&P 500 lost 0.1 percent from the week ago close and finished at 1,878.48. The Nasdaq dropped 1.3 percent to 4,071.87; its worst week in a month. Among the key S&P sectors, consumer staples were the best weekly performer, while utilities dragged. The CBOE Volatility Index or the VIX, Wall Street's fear gauge, finished at 12.92. Read More