No need to panic as markets just took a breather last week!

July 21st 2024 |

Key Takeaways

  • Our positive outlook remains unchanged
  • Sentiment looks a bit stretched at the moment
  • Consolidation into deeper July possible

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average advanced 0.7% during the week to close at 40,287.53. The S&P 500 fell 2% from last Friday's close to 5,505.00. The Nasdaq slumped 3.7% this week and finished at 17,726.94. Both gauges marked their biggest weekly losses since April. The tech-heavy Nasdaq also snapped a six-week win streak. Among the key S&P sectors, the energy sector was the best weekly performer, while the technology sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.5. Read More

Further uptrend confirmation visible!

July 14th 2024 |

Key Takeaways

  • New all-time high in two Model Portfolios
  • Trend quality improved all across the board
  • Further confirmation for our positive outlook

Market Review |

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average finished at 40,000.90 and climbed 1.6% this week. During Friday's session, the 30-stock blue-chip index rose to a fresh all-time high of 40,257.24 The S&P 500 gained 0.9% over the same period and finished at 5,615.35. Closing at 18,398.45, the Nasdaq booked a 0.2% weekly rise, increasing a sixth straight week for its longest winning streak since December. Most key S&P sectors ended in positive territory for the week, led by the real estate sector. The comm. services sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.46. Read More

Trend quality showed signs of improvements albeit further confirmation needed

July 7th 2024 |

Key Takeaways

  • New all-time high in two Model Portfolios
  • We upgrade our strategic outlook to cautiously bullish
  • Short-term-oriented indicators critical to watch within the next couple of days

Market Review |

U.S. stocks ended the shortened trading week in the green, with two benchmarks posting fresh all-time highs on Friday. The Dow Jones Industrial Average posted a weekly increase of 0.7% to finish at 39,375.87. The S&P 500 climbed nearly 2% for the week to a record closing of 5,567.19. The Nasdaq rallied 3.5% during the week to 18,352.76, a record high as well. Among the key S&P sectors, the discretionary sector was the best weekly performer, while the energy sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.5. Read More

Consolidation in place as indicators remain supportive but not confirmative

June 30th 2024 |

Key Takeaways

  • Consolidation in place
  • We remain alert as negative divergence have not been sorted out so far
  • New allocation in our model portfolios
 

Market Review |

U.S. stocks ended the week nearly unchanged, pushing two major indexes to new record highs during the week. The Dow Jones Industrial Average closed at 39,118.86 and inched lower by less than 0.1% over the week. The S&P 500 also booked a 0.1% loss over the week to close at 5,460.48. The Nasdaq added 0.2% from last Friday's close, finishing at 17,732.6. Among the key S&P sectors, the energy sector was the best weekly performer, while the utilities and materials sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.4. Read More

Tilt between supportive and corrective remains narrow

June 23rd 2024 |

Key Takeaways

  • Trend is still mainly driven by large-cap mega tech stocks
  • We remain alert as negative divergence have not been sorted out so far
  • New record highs in two model portfolios

Market Review |

U.S. stocks finished the week with gains. Closing at 39,150.33, the Dow Jones Industrial Average rose 1.5% for the week, booking its best weekly performance since May. The S&P 500 recorded a weekly gain of 0.6% and closed at 5,464.62, notching an intraday record earlier in the week. The Nasdaq finished at 17,689.36 and eked out a tiny weekly gain less than 0.1%. Most key S&P sectors finished higher, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.2. Read More

Risk of a strong trend reversal has increased as the broad market is faltering

June 16th 2024 |

Key Takeaways

  • Short-term negative regime shift in the S&P 500
  • Good time to reconsider current risk positions
  • New record highs in two model portfolios

Market Review |

U.S. stocks ended the week mostly higher. The Dow Jones Industrial Average closed at 38,589.16 and finished the week nearly unchanged (-0.5%). The S&P 500 booked a 1.6% gain over the week to close at 5,431.60. The Nasdaq jumped 3.2% from last Friday's close, finishing at 17,688.88 and reaching a new all-time high. Among the key S&P sectors, the technology was the best weekly performer, while the energy sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.7. Read More

The air is getting thinner!

June 9th 2024 |

Key Takeaways

  • Positive outlook for now but the air is getting thinner
  • Stay alert as heavy-weighted stocks are driving gains while the broad market is lagging
  • Market still has a chance to overcome negative divergences

Market Review |

U.S. stocks finished the week with gains. Closing at 38,798.99, the Dow Jones Industrial Average rose 0.3% for the week. The S&P 500 booked a weekly gain of 1.3% and closed at 5,346.99, reaching an intraday all-time high on Friday. The Nasdaq finished at 17,133.13 and rocketed 2.4% this week. Among the key S&P sectors, the technology sector was the best weekly performer, while the utilities sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.2. Read More

Expected consolidation in place but no reason to change our outlook

June 2nd 2024 |

Key Takeaways

  • Market took a healthy breather
  • Risk for a significant trend reversal remains low
  • Strategic positive outlook remains unchanged

Market Review |

U.S. stocks finished a tough week in red. Despite its best session of the year on Friday, the Dow Jones declined 1.0% for the week to 38,686.32. The S&P 500 retreated 0.5% for the week to finish at 5,277.51. The Nasdaq posted a 1.1% loss for the week and finished at 16,735.02. The S&P and the Nasdaq snapped five-week win streaks. Despite the challenging week, it was a winning May, with each of the major benchmarks registering a sixth positive month in seven. The Dow added 2.3% this month, while the S&P 500 rose 4.8%. The Nasdaq gained 6.9%, notching its best month going back to November. Among the key S&P sectors, the energy sector was the best weekly performer, while the technology sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.9. Read More

Short-term breather possible but overall outlook remains positive!

May 26th 2024 |

Key Takeaways

  • Short-term breather possible
  • Strategic positive outlook remains unchanged
  • New allocation in the WSC Sector Rotation Strategy

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 2.3% during the week to close at 39,069.59, marking its first negative week in five. The S&P 500 finished the week nearly unchanged at 5,304.72. The Nasdaq climbed 1.4% for the week and finished at 16,920.79. Most key S&P sectors ended in red, led by the energy sector. Comm. services and technology were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 11.9. Read More

Major key indices reached new all-time highs last week!

May 19th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Currently no deal-breaker visible

Market Review |

In line with our recent call, U.S. stocks finished the week with stronger gains. Closing above the key 40,000 level for the first time in history, the Dow Jones Industrial Average increased by 1.2% during the week, finally finishing at 40,003.59. It was the Dow's fifth consecutive positive week. The S&P 500 added 1.2% in the same timeframe to finish at 5,303.27. The Nasdaq jumped 2.1% from last Friday to close at 16,685.97. Both gauges recorded their longest winning streak since February. Except industrials, all key S&P sectors ended in positive territory for the week, led by the technology sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 12. Read More

The S&P 500 posted its third consecutive winning

May 12th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Currently no deal-breaker visible

Market Review |

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average finished at 39,512.84 and rallied 2.2% this week, its best week since December and its fourth positive week in a row. The S&P 500 gained 1.9% over the same period and finished at 5,222.68. Closing at 16,340.87, the Nasdaq climbed 1.4% for the week. The S&P 500 and the Nasdaq Composite both posted a third consecutive winning week. All key S&P sectors ended in positive territory for the week, led by the utilities sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.6. Read More

Further confirmation for our positive base case scenario!

May 6th 2024 |

Key Takeaways

  • Market is moving in line with our expectations
  • Healthy breather has come to an end as market got back into a strong uptrend
  • Strategic positive outlook remains unchanged

Market Review |

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average finished at 38,675.68 and climbed 1.1% this week. The S&P 500 added 0.6% over the same period and finished at 5,127.79. Closing at 16,156.33, the Nasdaq rallied 1.4% for the week. Most key S&P sectors ended in positive territory for the week, led by the utilities sector. Energy and Financials were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.5. Read More

Expected Recovery in Place! S&P 500 clinched its best week since November!

April 28th 2024 |

Key Takeaways

  • Market is moving in line with our expectations
  • Recovery rally looks sustainable in its nature – at least for now
  • Strategic positive outlook remains unchanged

Market Review |

In line with our latest call, the market was in bounce mode last week. Adding 0.7% on a weekly basis, the Dow Jones Industrial Average closed at 38,239.66. The S&P 500 finished at 5,099.96 and increased by a whopping 2.7% last week snapping a three-week losing streak. The Nasdaq jumped 4.2% for its first positive week in five, closing at 12,221.91. The S&P 500 and Nasdaq clinched their best week since November. All key S&P sectors ended in positive territory for the week, led by the technology sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.0. Read More

Further down-testing possible but fear is already reaching contrarian levels!

April 21st 2024 |

Key Takeaways

  • Current consolidation/sell-off still looks healthy in its nature
  • Fear among market participants is already approaching contrarian levels
  • Strategic positive outlook remains unchanged

Market Review |

U.S. averages finished the week mostly lower. The Dow Jones Industrial Average eked out a tiny gain of less than 0.1% for the week, closing at 37,986.40. The S&P 500 fell 3.1% from last Friday's close to 4,967.23, posting its worst weekly performance since March 2023. The Nasdaq slumped 5.5% this week and finished at 15,282.01. The tech-heavy index posted its fourth straight down week, its longest negative streak since December 2022. Among the key S&P sectors, the utilities sector was the best weekly performer, while the technology sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.7. Read More

Short-term more down testing possible but market condition remains healthy!

April 14th 2024 |

Key Takeaways

  • Longer-lasting consolidation with increased down-testing possible
  • Currently, any upcoming consolidation looks healthy in its nature
  • Strategic positive outlook remains unchanged

Market Review |

All major indices finished the week in the red. The Dow Jones Industrial Average shed 2.4% over the week to 37,983.24. The S&P 500 booked a weekly loss of 1.6% to finish at 5,123.41. The Nasdaq declined 0.5% for the week to end at 16,175.09. All key S&P sectors ended in negative territory for the week, led by the financial sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished the week increased to 17.3. Read More

No need to panic as outlook remains positive!

April 7th 2024 |

Key Takeaways

  • Latest weakness just part of a short-lived breather
  • Further volatile sessions possible until momentum gears up again
  • Strategic positive outlook remains unchanged

Market Review |

Despite Friday's gains, all three major indexes finished the week with losses. The Dow Jones Industrial Average slid 2.3% over the week to 38,904.04. The S&P 500 closed at 5,204.34 and posted a 1% weekly loss. The Nasdaq lost 0.8% this week to end at 16,248.52. Besides the energy and comm. services sector, all key S&P sectors were negative for the week, led by the health care sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16. Read More

New all-time high in our WSC Sector Rotation Strategy

March 31st 2024 |

Key Takeaways

  • Market is moving in line with our outlook
  • Strong trend quality is supporting strategic positive outlook
  • New allocation in our ETF Model Portfolios

Market Review |

U.S. stocks ended the week nearly unchanged, pushing two major indexes to new record highs. The Dow Jones Industrial Average closed at 39,807.37 and gained 0.1 % over the week. The S&P 500 also booked a 0.1% gain over the week to close at 5,254.35. Both indexes finished at records. The Nasdaq declined 0.1% from last Friday's close, ending at 16,379.46. On the month, the S&P 500 was higher by 3.1%. The Nasdaq added 1.8% in March, while the Dow climbed 2.1%. It was the fifth straight winning month for all three major averages. For the quarter, the S&P 500 added 10.2% for its best first-quarter gain since 2019, when it rallied 13.1%. The 30-stock Dow advanced 5.6% during the period for its strongest first-quarter performance since 2021 when it jumped 7.4%. The Nasdaq ended the quarter with a 9.1% pop. Among the key S&P sectors, the utilities sector was the best weekly performer, while the technology sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read More

No major dealbreaker visible – at least for now

March 24th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Currently no deal-breaker visible

Market Review |

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average finished at 39,475.90 and climbed 2% this week. The S&P 500 gained 2.3% over the same period and finished at 5,234.18. Closing at 16,428.82, the Nasdaq rallied 2.9% for the week. Most key S&P sectors ended in positive territory for the week, led by the comm. services sector. Real estate was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.1. Read More

Increase in volatility likely but no reason to change our positive outlook!

March 17th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Short-term, the trend momentum is slowing down a bit

Market Review |

U.S. stocks finished the week mostly with small losses. Closing at 38,714.77, the Dow Jones Industrial Average inched lower by less than 0.1% on the week. The S&P 500 booked a small weekly loss of 0.1% to finish at 5,117.09. The Nasdaq shed 0.7% for the week to end at 15,973.17. Among the key S&P sectors, energy and materials led advancers, while real estate led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.4. Read More

Healthy pause likely, whereas strategic positive outlook remains unchanged!

March 10th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Short-term the market is vulnerable for a healthy pause

Market Review |

U.S. stocks finished a choppy week with a negative performance. The Dow Jones Industrial Average lost 0.9% over the week, to end at 38,722.69. The S&P 500 declined 0.3% from last week’s close to finish at 5,123.69. The Nasdaq closed at 16,085.11, posting 1.2% weekly loss. Among the key S&P sectors, the utilities sector was the best weekly performer, while discretionary dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 14.7. Read More

Solid trend quality all across the board

March 3rd 2024 |

Key Takeaways

  • Markets reached new record highs
  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook

Market Review |

U.S. stocks ended the week mostly higher, pushing two major indexes to new record highs again. The Dow Jones Industrial Average closed at 39,087.38 and finished the week nearly unchanged. The S&P 500 booked a 1% gain over the week to close at 5,137.08. The broad-index recorded a new record high during the day and its first close above the 5,100 threshold. The Nasdaq advanced 1.7% from last Friday's close, finishing at 16,302.2. It also reached a new all-time high during the week. The S&P 500 and the Nasdaq notched their seventh positive week over the last eight. Among the key S&P sectors, the technology was the best weekly performer, while the health care sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.1. Read More

New all-time highs in major indices supported by a wide range of stocks!

February 25th 2024 |

Key Takeaways

  • Market is moving in line with our outlook
  • Strong trend quality is supporting strategic positive outlook
  • New allocation in our ETF Model Portfolios

Market Review |

U.S. stocks finished the week with gains and with two major indexes posting new record highs. Closing at a record of 39,131.53, the Dow Jones Industrial Average rose 1.3% for the week. The S&P 500 booked a weekly gain of 1.7% and closed at 5,088.80. Earlier Friday, the broad market index broke above 5,100 for the first time. The Nasdaq recorded a weekly gain of 1.4% and finished at 15,996.82, notching a fresh 52-week high earlier in the session. All key S&P sectors finished higher, led by the staples sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.8. Read More

Short-lived breather in place but no need to get nervous!

February 18h 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Latest weakness just part of a short-lived breather

Market Review |

U.S. stocks finished the week with a negative performance and the three major averages broke their five-week winning streaks. The Dow Jones Industrial Average slipped 0.1% over the week, to end at 38,627.99. The S&P 500 declined 0.4% from last week’s close to finish at 5,005.57. The Nasdaq closed at 15,775.65, posting a 1.3% weekly loss. Among the key S&P sectors, the energy sector was the best weekly performer, while technology dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 14.2. Read More

New all-time high and fifth consecutive winning week for the S&P 500!

February 11th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • No changes in our Model Portfolios

Market Review |

The U.S. stock market finished another week with gains. For the week, the Dow Jones Industrial Average eked out a small gain of less than 0.1% to close at 38,671.69. The S&P 500 added 1.4% over the week to 5,026.61. The Nasdaq gained 2.3% over the past five days to 15,990.66. All three major averages posted new records on Friday, notched their fifth straight winning week and 14th positive week in 15. Among the key S&P sectors, the technology sector was the best weekly performer, while utilities dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended at 13.3. Read More

No major dealbreaker visible

February 4th 2024  |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • No changes in our Model Portfolios

Market Review |

U.S. stocks finished the week with gains and with two major indexes posting new record highs. Closing at a record of 38,654.42, the Dow Jones Industrial Average rose 1.4% for the week. The S&P 500 also booked a weekly gain of 1.4% and closed at a record of 4,958.61. The Nasdaq finished at 15,628.95 and rose 1.1% this week. It was the fourth week in a row of gains for the major benchmarks after a stumble to start 2024. Most key S&P sectors finished higher, led by the discretionary sector. Energy and real estate were the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.9. Read More

Stronger recovery in trend quality is supporting our positive outlook!

January 28th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Recovery in trend quality is supporting positive outlook
  • New allocations in our Model Portfolios

Market Review |

U.S. stocks finished another week with gains. The Dow Jones Industrial Average advanced 0.7% this week to end at 38,109.43, an all-time closing high. The S&P 500 recorded a weekly gain of 1.1% to close at 4,890.97. The Nasdaq advanced 0.9% for the week to close at 15,455.36. Among the key S&P sectors, energy was the best weekly performer, while discretionary dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.3. Read More

S&P 500 reached a new all-time high, but keep an eye on trend quality!

January 21st 2024

Key Takeaways

  • Markets reached all-time highs last week
  • Strategic positive outlook remains unchanged
  • Slowdown in trend quality as short-term warning signal

Market Review |

The U.S. stock market finished the week with gains. For the week, the Dow Jones Industrial Average eked out a small gain of 0.1% to close at 37,863.80. The S&P 500 advanced 1% over the week to 4,839.81, reaching an all-time high. The Nasdaq rose 2.1% over the past five days to 15,310.97. All three major averages are now in positive territory for 2024. Among the key S&P sectors, the technology sector was the best weekly performer, while utilities dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended at 13.3. Read More

No fundamental reason to change our positive outlook!

January 14th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Minor change in the WSC Sector Rotation Strategy
  • Seasonal headwinds possible

Market Review |

All three major averages finished up for the week. The Dow Jones Industrial Average gained 0.3% for the week to close at 37,592.98. The S&P 500 soared 1.8% week to date to finish at 4,783.83. The Nasdaq jumped 3.1% over the week to end at 14,972.76. Among the key S&P sectors, the technology sector was the best weekly performer, while energies dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended at 12.7. Read More

Healthy consolidation in place – at least for now!

January 7th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Potential risk of a consolidation period is increasing
  • Seasonal headwinds possible

Market Review |

U.S. stocks finished the week with a negative performance and the three major averages notched their first negative week in 10. The Dow Jones Industrial Average lost 0.6% over the week, to end at 37,466.11. The S&P 500 declined 1.5% from last week’s close to finish at 4,697.24. The Nasdaq closed at 14,524.07, posting a 3.3% weekly loss and its worst weekly performance since September. Among the key S&P sectors, the health care sector was the best weekly performer, while technology dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 13.4. Read More

No reason to change our positive outlook

December 31st 2023 |

Key Takeaways

  • Further confirmation for our positive outlook
  • No major deal-breaker visible for now
  • Sentiment looks a bit stretched but not a major problem at the moment

Market Review |

Once again, U.S. stocks ended the week with gains. Dow Jones Industrial Average advanced 0.8% this week to end at 37,689.54. The S&P 500 added 0.3% for the week to close at 4,769.83. The Nasdaq eked out a small weekly gain of 0.1% to close at 15,011.35. The Dow finished the year with a 13.7% gain, the broad index with a 24.2% performance and the Nasdaq rose 43.4% year to date. Among the key S&P sectors, staples was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.5. Read More

Washout day leaves market better positioned for further gains!

December 24th 2023 |

Key Takeaways

  • Expected year-end rally still in place
  • No major deal-breaker visible for now
  • Short-term washout-event leaves market better positioned – at least for now

Market Review |

U.S. stocks ended another week with gains. The Dow Jones Industrial Average booked a small weekly gain of 0.2% to end at 37,385.97. The S&P 500 added 0.8% in that time to close at 4,754.63. The Nasdaq recorded a weekly gain of 1.2% to finish at 14,992.97. The three major averages notched their eighth positive week in a row — a first for the S&P 500 since 2017 and for the Dow dating back to 2019. Most key S&P sectors ended in positive territory for the week, led by comm. services. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read More

Outlook remains positive!

December 17th 2023 |

Key Takeaways

  • Expected year-end rally still in place
  • No major deal-breaker visible for now
  • Sentiment looks increasingly stretched but has not reached critical levels yet

Market Review |

U.S. stocks posted strong gains for the week. The Dow Jones Industrial Average gained 2.9% week to date to close at 37,305.16. The S&P 500 advanced 2.9% as well and finished at 4,719.19, posting its longest weekly winning streak since 2017. The Nasdaq also gained 2.9% for the week and closed at 14,813.92. As of Friday, the Dow is higher on the month by 3.8%. The S&P 500 is up by 3.3%, while the Nasdaq Composite has climbed 4.1% so far in December. All key S&P sectors succeeded to close in positive territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.3. Read More

Seasonal Volatility Likely But Still No Major Dealbreaker Visible

December 10th 2023 |

Key Takeaways

  • Expected year-end rally still in place
  • No major deal-breaker visible for now although sentiment is increasingly becoming a burden
  • Short-term seasonal driven volatility likely

Market Review |

U.S. stocks finished another week with small gains. The Dow Jones Industrial Average advanced less than 0.1% this week to end at 36,247.87. The S&P 500 eked out a small weekly gain of 0.2% to close at 4,604.37. The Nasdaq advanced 0.7% for the week to close at 14,403.97. Among the key S&P sectors, energy was the best weekly performer, while discretionary dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.4. Read More

No Dealbreaker Visible Although Sentiment Increasingly Becoming A Burden

December 3rd 2023 |

Key Takeaways

  • Expected year-end rally still in place
  • No major deal-breaker visible for now although sentiment is increasingly becoming a burden
  • Market pace is likely to slow down as market is heavily overbought

Market Review |

U.S. stocks ended another week with gains. The Dow Jones Industrial Average rallied 2.4% this week to end at 36,245.50. The S&P 500 booked a 0.8% gain over the week and closed at 4,594.63. The Nasdaq advanced 0.4% for the week to close at 14,305.03. For November, the S&P and Nasdaq rallied 8.9% and 10.7%, respectively, to notch their best monthly performances since July 2022. The Dow surged 8.8% for its best month since October 2022. Most key S&P sectors ended in positive territory for the week, led by the real estate sector. Comm. services were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.6. Read More

Further broad-based uptrend confirmation

November 26th 2023 |

Key Takeaways

  • Tactically, further confirmation for our year-end rally scenario
  • Strategically, the risk-/reward ratio also looks now increasingly attractive
  • New allocations in our Model Portfolios

Market Review |

U.S. stocks finished the week with solid gains. Closing at 35,390.15, the Dow Jones Industrial Average finished up 1.3% for the week. The S&P 500 ended at 4,559.34 and gained 1% this week. The Nasdaq added 0.9% for the week and closed at 14,250.85. All key S&P sectors succeeded to close in positive territory for the week, led by the health care sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.5. Read More

Seasonal tailwinds in place!

November 19th 2023  |

Key Takeaways

  • Tactically, further confirmation for our year-end bounce scenario
  • Very short-term perspective some profit taking into next week is quite likely Strategically, the current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. stocks rallied for the week. The Dow Jones Industrial Average gained 1.9% from last Friday’s close to end at 34,947.28. The S&P 500 finished at 4,514.02 and surged 2.2% on the week. The Nasdaq jumped 2.4% during the week to 14,125.48. The major averages each notched their third straight positive week. All key S&P sectors succeeded to close in positive territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.8. Read More

Expect seasonal support into the year end!

November 12th 2023 |

Key Takeaways

  • Tactically, further confirmation for our year-end bounce scenario
  • Very short-term perspective some profit taking into next week is quite likely
  • Strategically, the current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. stocks finished the week with gains. Closing at 34,283.10, the Dow Jones Industrial Average finished up 0.7% for the week. The S&P 500 finished at 4,415.24 and gained 1.3% this week. The Nasdaq increased 2.4% for the week and closed at 13,798.11. Among the key S&P sectors, the technology sector was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished at 14.2. Read More

Typical Signs Of A Sustainable Bottom Still Missing!

November 5th 2023 |

Key Takeaways

  • Gains can be still categorized as bear market rally rather than a sustainable recovery
  • Tactically, the bounce could have legs as long as the short-term indicators remain supportive
  • Strategically, the current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. stocks strongly bounced for the week and posted solid gains. Closing at 34,061.32, the Dow Jones Industrial Average finished up 5.1% for the week. The S&P 500 finished at 4,358.34 and jumped 5.9 this week. The Nasdaq rocketed 6.6% for the week and closed at 13,478.28. It was the best week for all three indexes since November 2022. All key S&P sectors succeeded to close in positive territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 14.9.

Read More

Further selling pressure ahead as ingredients for a bounce still missing!

October 29th 2023 |

Key Takeaways

  • Expect further (stronger) selling pressure down the road

  • Trend quality is neglecting any sustainable recovery scenario

  • The current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

In line with our strategic outlook, U.S. stocks finished another week with brutal losses. The Dow Jones Industrial Average slumped 2.1% over the week to 32,417.59. The S&P 500 closed at 4,117.37 and posted a 2.5% weekly loss. The Nasdaq plunged 2.6% this week to end at 12,643.01. Besides the utilities sector, all key S&P sectors were negative for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.3.

Read More

Renewed selling pressure in place! More pain ahead!

October 22nd 2023 |

Key Takeaways

  • Bounce was successfully running out of fuel last week
  • Trend quality is neglecting any sustainable recovery scenario
  • The current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review

All major indices finished the week deeply in the red. The Dow Jones Industrial Average shed 1.6% over the week to 33,127.28. The S&P 500 booked a weekly loss of 2.4% to finish at 4,224.16. The Nasdaq slumped 3.2% for the week to end at 12,983.81. Except energy and staples, all key S&P sectors ended in negative territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished the week increased to 21.7. Read More

Oversold bounce running out of fuel soon!

October 15th 2023 |

Key Takeaways

  • Expected bounce in place but signs of fatigue visible
  • Trend quality is neglecting any sustainable recovery scenario
  • The current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. stocks finished the week mostly higher. For the week, the Dow Jones Industrial Average eked out a small gain of 0.8% to close at 33,670.29. The S&P 500 gained 0.5% during the week to end at 4,327.78. The Nasdaq declined 0.2% for the week to finish at 13,407.23. Among the key S&P sectors, the energy sector was the best weekly performer, while discretionary dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 19.3. Read More

Stabilization/bounce in place but expect further selling pressure afterwards

October 8th 2023 |

Key Takeaways

  • Stronger signs of capitulation are likely to trigger stronger oversold bounce
  • Nevertheless, the quality of the current downtrend still remains quite high
  • The current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

Mainly due to a stronger bounce on Friday, U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.3% during the week to close at 33,407.58. The S&P 500 eked out a small weekly gain of 0.5% to finish at 4,308.50. The Nasdaq climbed 1.6% for the week and finished at 13,431.34. Among the key S&P sectors, the technology sector was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 17.5.

Read More

Oversold bounce likely but no reason to change our negative outlook!

October 1st 2023 |

Key Takeaways

  • Ingredients for a stronger bounce are accumulating
  • Nevertheless, the quality of the current downtrend still remains quite high
  • The current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. averages finished the week mostly with a negative performance. The Dow Jones Industrial Average lost 1.3% over the week, to end at 33,507.50. The S&P 500 declined 0.7% from last week's close to finish at 4,288.05. The Nasdaq closed at 13,219.32, posting a tiny 0.1% weekly gain. The Dow Jones Industrial Average notched a 3.5% decline this month, the S&P 500 4.9% and the Nasdaq was off 5.8% in September. The Nasdaq and the S&P 500 posted their worst months this year. Most key S&P sectors ended in negative territory for the week, led by utilities. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 17.5. Read More

Expect more pain ahead as there are no signs for an important low yet!

September 24th 2023 |

Key Takeaways

  • Market sentiment has not shown any signs of capitulation yet.
  • Ingredients for an important low are still missing.
  • Thus, expect further selling pressure ahead.

Market Review |

In line with our strategic outlook, U.S. stocks finished a tough week with losses. The Dow Jones Industrial Average declined 1.9% over the week to 33,963.84. The S&P 500 retreated 2.9% for the week to finish at 4,320.06. The Nasdaq posted a 3.6% loss for the week and finished at 13,211.81. The S&P and the Nasdaq recorded their third straight negative week and worst weekly performance since March. All key S&P sectors ended in negative territory for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, advanced to 17.2.

Read More

Expect more pain ahead as there are no signs for an important low yet!

September 24th 2023 |

Key Takeaways

  • Market sentiment has not shown any signs of capitulation yet.
  • Ingredients for an important low are still missing.
  • Thus, expect further selling pressure ahead.

Market Review |

In line with our strategic outlook, U.S. stocks finished a tough week with losses. The Dow Jones Industrial Average declined 1.9% over the week to 33,963.84. The S&P 500 retreated 2.9% for the week to finish at 4,320.06. The Nasdaq posted a 3.6% loss for the week and finished at 13,211.81. The S&P and the Nasdaq recorded their third straight negative week and worst weekly performance since March. All key S&P sectors ended in negative territory for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, advanced to 17.2.

Read More

Trend quality is neglecting any sustainable recovery scenario!

September 17th 2023 |

Key Takeaways

  • Trend quality is neglecting any stronger rally scenario
  • Market looks outright vulnerable for stronger disappointments
  • Keep the stop-loss at 4,320 (intraday)

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average eked out a small weekly gain of 0.1% to end at 34,618.24. The S&P 500 declined 0.2% from last week's close to finish at 4,450.32. The Nasdaq closed at 13,708.3, posting a 0.4% weekly gain. The S&P 500 and Nasdaq both suffered a second straight week of losses. Among the key S&P sectors, the utilities sector was the best weekly performer, while technology dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 14.8. Read More

Be alert as seasonal and sentiment driven support is running out of fuel!

September 9th 2023 |

Key Takeaways

  • Trend quality is neglecting any stronger rally scenario
  • Market looks outright vulnerable for stronger disappointments
  • Keep the stop-loss at 4,320 (intraday)

Market Review |

The major U.S. indices finished the week in the red. The Dow Jones Industrial Average shed 0.8% over the week to 34,576.59. The S&P 500 booked a weekly loss of 1.3% to finish at 4,457.49. The Nasdaq plummeted 1.9% for the week to end at 13,761.53. Except energy and utilities, all key S&P sectors ended in negative territory for the week, led by the industrials sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, treaded near 13.8.

Read More

Seasonal/sentiment driven bounce in place but technicals remain damaged

September 3rd 2023 |

Key Takeaways

  • Market looks outright vulnerable for stronger disappointments
  • Keep the stop-loss at 4,320 (intraday)
  • New allocations in our Model Portfolios.

Market Review |

The market was in bounce mode last week as all major U.S. averages posted weekly gains. Adding 1.4% on a weekly basis, the Dow Jones Industrial Average closed at 34,837.71. The S&P 500 finished at 4,515.77 and increased 2.5% this week. The Nasdaq advanced 3.3% from last Friday’s close to end 14,031.81. Nearly all key S&P sectors ended in positive territory for the week, led by the technology sector. Utilities and staples were the only losers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.9.

Read More

Stay Alert As The Market Is Getting An Increasingly Corrective Tilt!

August 27th 2023 |

Key Takeaways

  • Market looks outright vulnerable for stronger disappointments
  • Keep the stop-loss at 4,320 (intraday)
  • New allocations in our Model Portfolios

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.5% during the week to close at 34,346.90. The S&P 500 eked out a weekly gain of 0.8% to finish at 4,405.71. The Nasdaq advanced 2.3% for the week and closed at 13,590.65. Among the key S&P sectors, the technology sector was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 15.7.

Read More

Make Or Break Set-Up Is Forming – Bounce Will Give Further Guidance

August 20th 2023 |

Key Takeaways

  • Make or break set-up is forming
  • Time to place a stop-loss at 4,320 (intraday)
  • Buy signal for energy in our Sector Rotation Strategy

Market Review |

U.S. stocks finished the week with losses. The Dow Jones Industrial Average fell 2.2% this week to 34,500.66. The S&P 500 retreated 2.1% for the week to finish at 4,369.71. The tech-heavy Nasdaq posted a 2.6% loss for the week and finished at 13,290.78. Nearly all key S&P sectors ended in negative territory for the week, led by the discretionary sector. Energy was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.7.

Read More