Smaller improvements visible but rally remains weak-kneed

August 7th 2021

Market Review

U.S. stocks finished the week with gains and with two major indexes posting new record highs.  Closing at a record of 35,208.51, the Dow Jones Industrial Average rose 0.7% for the week. The S&P 500 booked a weekly gain of 0.9% and closed at a record of 4,436.52. The Nasdaq finished at 14,835.76 and rose 1.1% this week. Most key S&P sectors finished higher, led by financials energy sector. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, dropped to 16.2. Read More

Further top building into deeper summer!

August 1st 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average slid 0.4% over the week to 34,935.47. The S&P 500 booked a weekly loss of 0.4% as well to close at 4,395.26. The Nasdaq shed 1.1% for the week to end at 14,672.68. All three indexes hit record highs on Monday and are up for July, with Dow showing a 1.3% monthly gain, the S&P 500 rising 2.3% and the Nasdaq up 1.2% for the month. 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, increased to 18.2. Read More

Smells like a top building process!

July 25th 2021

Market Review

U.S. stocks experienced a roller-coaster week that saw the major averages drop several percentage points at the beginning of the week, but strongly bounced at the end of the week. In the end, major indexes rebounded from the steep sell-off, and finally closed the week in positive territory and with hitting new records. The Dow Jones Industrial Average finished at 35,061.55 and gained 1% for the week. The S&P 500 finished at 4,411.79 and ended the week up 2%, after dropping more than 3 percent during the week. The Nasdaq climbed 2.8% for the week to end at 14,836.99. Both benchmarks booked new closing records. Most key S&P sectors ended in positive territory for the week. Utilities and energy were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 17.2. Read More

New all-time high in place! Great, but now get ready to leave the party soon!

July 17th 2021

Market Review

U.S. stocks wrapped a volatile week that left the major averages finally lower for the week. The Dow Jones Industrial Average lost 0.5% for the week to close at 34,687.85. The S&P 500 dipped 1% from last Friday's close to end at 4,327.16. The Nasdaq fell 1.9% during the same period to finish at 14,427.24. Despite the week’s losses, all three benchmarks hit record highs during the week. And the Dow is still up 13% for the year and sits just 1.2% from an all-time high. The S&P 500 is up 15% on the year and is 1.5% below its record level. Most key S&P sectors closed lower for the week, led by the energy sector. Utilities were the biggest gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 18.5. Read More

Short-term breather possible, but still no reason to change our bullish outlook

July 11th 2021

Market Review

All three major U.S. benchmarks booked a third straight week of gains to end Friday at fresh all-time highs. For the week, the Dow Jones Industrial Average eked out a small gain of 0.2% to finish at a record of 34,870.16. The S&P 500 advanced 0.4% in that period and closed at a fresh record of 4,369.55. The broad index earned its sixth week of gains in seven. The Nasdaq booked a weekly gain of 0.4% as well and finished at an all-time high of 14,701.92. Among the key S&P sectors, utilities 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 16.2. Read More

Fresh record highs of all three major US indexes

July 4th 2021

Market Review

All three major U.S. averages finished the week with gains to set another round of record closes. For the week, the Dow Jones Industrial Average advanced 1.0% to end at 34,786.35. The S&P 500 booked a weekly gain of 1.7%. and finished at 4,352.34. The Nasdaq advanced nearly 2% from the week-ago close to 14,639.33. All three benchmarks hit records during the week. The technology sector led gainers among the S&P’s 10 major sectors; energy was the only negative sector for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.1. Read More

Further gains ahead as short-term market breadth got back on track!

June 27th 2021

Market Review

U.S. stocks ended the week with solid gains pushing the main indices to new record highs. The Dow Jones Industrial Average rocketed 3.4% percent over the week to end at 34,433.84. Notching its biggest weekly gain since early February, the S&P 500 rallied 2.4% for the week and closed at a record high of 4,280.70. The Nasdaq increased 2.4% from last Friday’s close to finish at 14,360.39. All key S&P sectors finished positive for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.6. Read More

Increased down-testing likely, but mid-term tape condition remains solid!

June 20th 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 3.5% over the week to 33,290.08. The S&P 500 booked a weekly loss of 1.9% to close at 4,166.45. The Nasdaq shed 0.2% for the week to end at 14,030.38. Nearly key S&P sectors ended in negative territory for the week, led by materials. The technology sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 20.7. Read More

New all-time high in place -> Expect further gains into summer!

June 13th 2021

Market Review

U.S. stocks ended the week mostly higher pushing the S&P 500 to new record highs. The Dow Jones Industrial Average closed at 34,479.60 and retreated 0.8% over the week, snapping a 2-week win streak. The S&P 500 recorded a 0.4% gain over the week to close at a record high of 4,247.44. The Nasdaq advanced 1.9% from last Friday's close to finish at 14,069.42. Among the key S&P sectors, the health care sector was the best weekly performer, while the financials sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.7. Read More

Further confirmation for our new highs scenario

June 6th 2021

Market Review

All three major U.S. averages finished the week with modest gains. For the week, the Dow Jones Industrial Average advanced 0.7% to end at 34,756.39. The S&P 500 finished at 4,229.89 and booked a weekly gain of 0.6%. Both benchmarks posted their second straight positive week. Closing at 13,814.49, the tech-heavy Nasdaq gained 0.5% this week for its third winning week in a row. Energy led gainers among the S&P’s 10 major sectors; utilities and discretionary were the only negative sectors for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.4. Read More

New highs at hand since upside participation remains broad-based!

May 30th 2021

Market Review

U.S. stocks finished the week in positive territory. The Dow Jones Industrial Average gained 0.9% over the week to close at 34,529.45. The S&P 500 recorded a weekly gain of 1.2% and finished at 4,204.11, sitting just 0.8% from its record high. Both benchmarks broke a two-week losing streak. The Nasdaq ended at 13,748.74 and increased 2.1% over the past week. For the month of May, the 30-stock Dow and the S&P 500 gained 1.9% and 0.6%, respectively, posting their fourth up month in a row. The tech-heavy Nasdaq, however, suffered a 1.5% loss this month for its first negative month in seven. Most key S&P sectors ended in positive territory for the week, led by the discretionary sector; the utilities sector led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 16.8. Read More

Consolidation period is close to end as market internals remain robust!

May 23rd 2021

Market Review

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.5% over the week, to end at 34,207.84. The S&P 500 declined 0.4% from last week's close to finish at 4,155.86. The Nasdaq closed at 13,470.99, ending the week 0.3% higher and breaking a four-week losing streak. Among the key S&P sectors, the health care sector was the best weekly performer, while energy dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 20.2. Read More

No need to panic as consolidation still remains supportive in its nature!

May 16th 2021

Market Review

U.S. stocks experienced a roller-coaster week that saw the major averages drop several percentage points from Monday to Wednesday. The indexes have rebounded from the sell-off, but the sharp gains on Friday were not large enough to reverse weekly losses. Finally, they posted modest losses for the week. The Dow Jones Industrial Average slipped 1.1% in that time period to finish at 34,382.13. The S&P 500 dipped 1.4% in five trading days to end at 4,173.85. The Nasdaq finished at 13,429.98 and lost 2.3% this week. Among the key S&P sectors, the consumer staples sector was the best weekly performer, while discretionary dragged. The CBOE Volatility Index (VIX) – seen by many investors as the best “fear gauge” on Wall Street – traded near 18.8. Read More

New record highs in place and still no signs of a major trend reversal visible!

May 9th 2021

Market Review

U.S. stocks finished the week mostly with strong gains and with two major indexes posting new record highs. Closing at a record of 34,777.76, the Dow Jones Industrial Average rallied 2.7% for the week to break a two-week losing streak. The S&P 500 booked a weekly gain of 1.2% and closed at a record of 4,232.60. The Nasdaq finished at 13,752.24 and shed 1.5% this week. Most key S&P sectors finished higher, led by the energy sector. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, dropped to 16.7. Read More

Increased volatility in place but still no reason to get concerned at the moment!

May 2nd 2021

Market Review

U.S. stocks wrapped a busy week that left the major averages mostly unchanged for the week. The Dow Jones Industrial Average lost 0.5% for the week to close at 33,874.85. The blue-chip index rose about 2.7% in April and is up 10.7% year to date. The S&P 500 hit a closing record on Thursday and ended the week virtually unchanged at 4,181.17. The broad index notched its third straight month of gains in April, adding more than 5%. For the year, the index is up 11.3%. The Nasdaq declined 0.4% over the week to end at 13,962.68. Still the heavy-tech benchmark is up 5.4% month to date and 8.3% year to date. Most key S&P sectors closed higher for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 18.6. Read More

Sentiment driven volatility will remain high, but tape condition remains solid!

April 25th 2021

Market Review

U.S. stocks finished a turbulent week after Friday's rebound nearly unchanged. The Dow Jones Industrial Average lost 0.5% during the week to end at 34,043.49. The S&P 500 closed at 4,180.17, after trading above its April 16 closing high of 4,185.47 during Friday afternoon, but ended the week down 0.1%. The Nasdaq was lower 0.3% for the week to finish at 14,016.81. Among the key S&P sectors, health care was the best weekly performer, while the energy sector dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 17.3. Read More

Expect further gains into Q2, although the risk of washout-days is increasing!

April 18th 2021

Market Review

U.S. stocks rose for another week, sending the major benchmarks again to record levels. For the week, the Dow Jones Industrial Average advanced 2% percent to 34,200.67 reaching a new record high. The 30-stock benchmark crossed the 34,000 threshold for the first time ever during the week. The S&P 500 climbed 2.7% for the week to a new closing high of 4,185.47. The Nasdaq advanced 3.1% from last Friday's close to 14,052.3. The S&P 500 and the Dow posted their fourth straight positive week, while the tech-heavy Nasdaq has registered gains for three weeks in a row. Most key S&P sectors ended in positive territory for the week, led by utilities. The communication services sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell to 16.3. Read More

Expect further gains ahead since upside participation remains broad-based!

April 11h 2021

Market Review

U.S. stocks finished the week with solid gains sending major benchmarks to record levels. The Dow Jones Industrial Average finished at a record closing high of 33,800.60 and climbed 2% this week. The S&P 500 gained about 2.7% over the same period and finished also at a new record of 4,128.80. Closing at 13,900.19, the Nasdaq rallied 3.1% for the week. Most key S&P sectors ended in positive territory for the week, led by the technology sector. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 16.7, its lowest level in 14 months. Read More

No reason to change our volatile but bullish biased slow growth scenario!

April 4h 2021

Market Review

U.S. stocks finished out the holiday shortened pre-Easter week with gains. For the week, the Dow Jones Industrial Average eked out a gain of 0.2% to end at 33,153.21. Crossing the 4,000 threshold for the first time, the S&P 500 finished at a record of 4,019.87 and booked a weekly but quite volatile gain of 1.1%. The Nasdaq jumped 2.6% during the week to end at 13,480.10. Wall Street just wrapped up March with solid gains. The Dow Jones Industrial Average and the S&P 500 climbed 6.6% and 4.3%, respectively, last month. The Nasdaq gained 0.4% in March. All industry groups in the Standard & Poor’s 500 Index 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, traded near 17.3. Read More

New all-time highs in place but negative divergences are starting to pile up!

March 28th 2021

Market Review

U.S. stocks wrapped an extremely volatile week that left the major averages mostly higher for the week. The Dow Jones Industrial Average soared 1.4% for the week to close at a new record of 33,072.88. The S&P 500 gained 1.4% in five trading days to 3,974.54, hitting a record closing high as well. The Nasdaq declined 0.6 over the week to end at 13,138.72. Most key S&P sectors closed higher for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 19. Read More

Increased volatility likely, but no need to change our bullish base case scenario!

March 21st 2021

Market Review

U.S. stocks finished the week with small losses. The Dow Jones Industrial Average fell 0.5% in five trading days to end at 32,627.97. The S&P 500 booked a 0.8% loss over the week and closed at 3,913.10. The Nasdaq dropped 0.8% for the week as well to end at 13,215.24. Among the key S&P sectors, discretionary was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), Wall Street’s so-called fear index, increased to 16.96. Read More

Recent recovery rally was quite broad-based in its nature!

March 14th 2021

Market Review

U.S. rallied strongly bounced for the week, with the major indexes posting new record highs. For the week, the Dow Jones Industrial Average gained 4.1% to close at a new all-time high of 32,778.64. The S&P 500 ended the week 2.6% higher at 3,943.34. The Nasdaq closed at 13,319.86 and recorded a weekly gain of 3.1%. All key S&P sectors ended in positive territory for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20.7. Read More

Top-building process in place! Time to place a stop-loss order!

March 7th 2021

Market Review

Last week, all three major U.S. averages finished a quite volatile week mostly with decent gains. The Dow Jones Industrial Average gained 1.8% during the week to close at 31,496.30. The S&P 500 recorded a weekly gain of 0.8% to close at 3,841.94. The Nasdaq was 2.1% lower for the week and finished at 12,920.15, but Friday’s strong rebound with 1.5% put the heavy-tech index back above water for the year to date, if barely. Most key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 24.7. Read More

Increased volatility ahead, but the underlying tone remains bullish!

February 28th 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 1.8% over the week to 30,932.37. The S&P 500 booked a weekly loss of 2.5% to close at 3,811.15. The Nasdaq shed 4.9% for the week to end at 13,192.34. Most key S&P sectors ended in negative territory for the week, led by discretionary. The energy sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 28. Read More

Go with the flow as trend is still backed by a broad basis

February 21st 2021

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average eked out a small gain of 0.1% to close at 31,494.32. The S&P 500 finished the week with a decline of 0.7% to finish at 3,906.71. The Nasdaq slid 1.6% for the week to end at 13,874.46. Among the key S&P sectors, energy was the top performer and health care the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 22.1. Read More

Still enough firepower on the sideline to push prices higher!

February 14th 2021

Market Review

All three major U.S. averages finished the week with decent gains to set another round of record closes. For the week, the Dow Jones Industrial Average advanced 1.0% to end at a record of 31,458.40. The S&P 500 also finished at a new record of 3,934.83 and booked a weekly gain of 1.2%. The Nasdaq advanced 1.7% from the week-ago close to 14,095.47, booking also another record close. Energy led gainers among the S&P’s 10 major sectors; utilities and discretionary were the only negative sectors for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20. Read More

Bull-trap or sustainable recovery? Quality of the recovery will tell!

February 7th 2021

Market Review

U.S. stocks ended the week with solid gains pushing the main indices to new record highs. The Dow Jones Industrial Average added 3.9% percent over the week to end at 31,148.24. The S&P 500 jumped 4.7% in that time period to close at a record high of 3,886.83. The Nasdaq rocketed 6% from last Friday's close to finish at a record high of 13,856.30. All key S&P sectors finished positive for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20.9. Read More

Ingredients for an intermediate price top are accumulating on a fast pace!

January 31st 2021

Market Review

U.S. stocks wrapped a volatile week and due to a weak Friday, all three major U.S. averages finished the week finally in negative territory. The Dow Jones Industrial Average shed 3.2% over the week to 29,982.62. The S&P 500 booked a weekly loss of 3.3 to finish at 3,714.24. The Nasdaq lost 3.5% over that time period to end at 13,070.69. All 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, jumped to 33.1. Read More

Don’t fight the trend! Don’t fight the tape!

January 24th 2021

Market Review

U.S. stocks finished the week in positive territory with the main benchmarks posting record highs during the week. The Dow Jones Industrial Average rose 0.6 percent over the week to 30,996.98. The S&P 500 booked a strong weekly rise of 1.9 percent to finish at 3,841.47 after closing at a record during the week. The Nasdaq jumped 4.2 percent for the week to close at 13,543.06, setting a new closing record on Friday. Of the S&P sectors, the comm. services sector was the best weekly gainer while the financial sector led the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 22. Read More

No need to get nervous as market is taking a healthy breather

January 17th 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average shed 0.9% over the week to 30,814.26. The S&P 500 booked a weekly loss of 1.5% to finish at 3,768.25. The Nasdaq also lost 1.5% over that time period to end at 12,998.50. Of the S&P sectors, energy was the best weekly gainer while comm. services led the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 24.3. Read More

Positive price and tape momentum is giving no reason to worry right now

January 10th 2021

Market Review

U.S. stocks rose for the week, sending the main benchmarks again to record levels. For the week, the Dow Jones Industrial Average advanced 1.6% to 31,097.97 to top its closing high from the previous week. The S&P 500 climbed 1.8% from last week’s close to a record of 3,824.68. Both the Dow and S&P 500 posted four-day winning streaks. The Nasdaq advanced 2.4% from last Friday's close to 13,201.98. Most key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell to 21.6. Read More

Record high in place but healthy breather likely as tape is losing steam

January 3rd 2021

Market Review

U.S. stocks finished the final week in positive territory with the main benchmarks reaching new record highs. The Dow Jones Industrial Average gained 1,4% over the week to close at a record of 30,606.48. The S&P 500 recorded the same weekly gain of 1.4% and finished also at a record of 3,756.07. The Nasdaq ended at 12,888.28 and increased 0.7% over the past week. Major indexes finished 2020 solidly. The tech-heavy Nasdaq gained 43.6% this year, posting its best one-year performance since 2009. The S&P 500 closed 2020 with a 16.3% gain. The Dow Jones Industrial Average rose 7.3% in 2020. Nearly all key S&P sectors ended in positive territory for the week, led by the utilities sector; the energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 22.8. Read More

Keep ignoring sentiment driven volatility as the tape remains robust

December 27th 2020

Market Review

Although we saw a stronger washout-event on Monday morning, U.S. stocks finished the holiday-shortened week nearly unchanged. For the week, the Dow Jones Industrial Average eked out a small gain of 0.1% to close at 30,199.87. The S&P 500 declined 0.2% during the week to end at 3,703.06. The Nasdaq rose 0.4% for the week to end at 12,804.73. Among the key S&P sectors, the financial 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 21.5. Read More

S&P 500 climbed to a new record high → expect more to come

December 20th 2020

Market Review

In line with our recent call, U.S. stocks closed out a quite volatile week with gains, with all three major benchmarks reaching new records during the week. For the week, the Dow Jones Industrial Average eked out a small gain of 0.4% to end at 30,179.05. The S&P 500 gained 1.3% in that period to close at 3,709.41. The Nasdaq outperformed with a 3.1% gain for the week to end at 12,755.64. Nearly all key S&P sectors finished in positive territory for the week, led by the technology sector. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 21.8. Read More

Stay bullish, stay safe!

December 13th 2020

Market Review

U.S. stocks finished the week with small losses. The Dow Jones Industrial Average dropped 0.6% over the week to 30,046.37. The S&P 500 booked a weekly loss of 1% to finish at 3,683.46. Both the Dow and S&P 500 posted their first weekly declines in three weeks. The Nasdaq shed 0.7% for the week to end at 12,377.87. Of the S&P sectors, energy was the only gainer, while all other sectors declined. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 23.3. Read More

No game-changer visible as year-end rally looks broad based in its nature

December 6th 2020

Market Review

U.S. stocks continued to rally, pushing the major indexes to new record highs. The Dow Jones Industrial Average posted a weekly increase of 1% to finish at a record of 30,218.26. The S&P 500 gained 1.7% over the week to close at a record of 3,699.12. The Nasdaq advanced 2.2% during the week to 12,464.23, a record high as well. All averages booked their fourth weekly gain in five weeks. Most key S&P sectors ended in positive territory for the week, led by the energy sector. The utilities sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 20.8. Read More

Sentiment driven washouts possible but no reason to worry right now!

November 29th 2020

Market Review

U.S. equities finished the week by breaking another set of records. The Dow Jones Industrial Average rose 2.2% for the week to 29,910.37. Earlier in the week, the Dow jumped to an all-time high, breaking above 30,000 for the first time. The S&P 500 climbed 2.3% for week to a record of 3,638.35. The Nasdaq posted a weekly gain of nearly 3% to 12,205.85 and also closed at an all-time high. Nearly all key S&P sectors ended in positive territory. Energy was the best weekly performer, while real estate was the only decliner. The CBOE Volatility Index (VIX), Wall Street’s preferred fear gauge, traded near 20.8. Read More

Ingredients for year-end rally are accumulating!

November 22nd 2020

Market Review

U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average shed 0.7% during the week to close at 29,263.48. The S&P 500 fell 0.8% from last week’s close to finish at 3,557.54. The Nasdaq in contrast gained 0.2 percent for the week to end at 11,854.97. Both Dow and the and S&P 500 recorded their first weekly declines in three weeks, while the Nasdaq booked its second positive week in three. Among the key S&P sectors, energy was by far the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 23.7. Read More

Expect further gains ahead as further tape confirmation is visible

November 15th 2020

Market Review

U.S. stocks finished the week mostly with a strong performance, whereas one index even notched a record high this week. Closing at 29,479.81, the Dow Jones Industrial Average jumped 4.1% in five trading days for its second-straight positive week. The S&P 500 logged a 2.2% gain for the week to finish at a new record close of 3,585.15. While the Dow and S&P 500 recorded strong weekly gains, the Nasdaq Composite in contrast lost 0.6% during the week and finished at 11,829.29, notching its third weekly loss in four weeks. Still the Nasdaq is up 31.8% this year, while the Dow is up 3.3% and the S&P 500 11%. Nearly all key S&P sectors closed in positive territory, led by the energy sector. Technology was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 23.1. Read More

Back to normal, at least for now

November 8th 2020

Market Review

U.S. stocks strongly rebounded for the week with the major averages notching their best weekly performance since April. The Dow Jones Industrial Average gained 6.9% week to date to close at 28,323.40. The S&P 500 finished at 3,509.44 and rocketed 7.3% this week, posting its biggest election week gain since 1932. The Nasdaq jumped 9% for the week and finished at 11,895.23. All key S&P sectors succeeded to close 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 24.9. Read More

Minor signs of stabilization visible but technicals remain damaged as well

November 1st 2020

Market Review

All three major U.S. averages finished the week with steep losses. The Dow Jones Industrial Average lost 6.5% over the week to close at 26,501.60. The S&P 500 lost 5.6% for the week to finish at 3,269.96. The Nasdaq fell 5.0 percent over that time period to end at 10,911.59. All key S&P sectors ended lower for the week, led by the discretionary sector. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, jumped to 37.6. Read More

Sentiment driven consolidation period remains quite healthy in its nature

October 25th 2020

Market Review

U.S. stocks finished the week with small losses. The Dow Jones Industrial Average dropped 1% over the week to 28,335.57. The S&P 500 booked a small weekly loss of 0.5% to finish at 3,465.39. The Nasdaq shed 1.1% for the week to end at 11,548.28. Among the key S&P sectors, commercial services led advancers, while technology led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 27.6. Read More

Sentiment driven volatility possible but no major deal-breaker visible so far!

October 18th 2020

Market Review

U.S. stocks finished a volatile week with small gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.1% to finish at 28,606.31. The S&P 500 closed at 3,483.81 and recorded a weekly gain of 0.2%. The Nasdaq posted a weekly advance of 0.8% to end at 11,671.56. Both Dow and the S&P 500 notched their third straight weekly gain and the Nasdaq posted a four-week winning streak. Among the key S&P sectors, industrials 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 more than 9.5 percent lower, near 27.4 Read More

Strong recovery all across the board – Time to get back into the market!

October 11th 2020

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 3.3% over the week to close at 28,586.90. The S&P 500 logged a 3.8% rise for the week to finish at 3,477.13. The Nasdaq ended at 11,579.94 and jumped 4.6% over the past week. All key S&P sectors ended in positive territory for the week, led by the materials sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 25. Read More

Do not get greedy as correction risk remains high!

October 4th 2020

Market Review

U.S. stocks wrapped a volatile week whereas all three major U.S. averages finally finished the week higher. The Dow Jones Industrial Average recorded a weekly increase of 1.9% to finish at 27,682.81. The S&P 500 added 1.5% for the week to finish at 3,248.44, ending four-week losing streaks. The Nasdaq also advanced 1.5% from the week-ago close to 11,075.02. Most key S&P sectors ended in positive territory for the week, the energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 27.3. Read More

No signs for a stabilization visible! Further strong selling pressure ahead!

September 27th 2020

Market Review

Despite the quite strong bounce on Friday, U.S. stocks finished the week mostly with losses. The Dow Jones Industrial Average dropped 1.8% in five trading days to end at 27,173.96. The S&P 500 closed 0.6% lower week to date at 3,298.46. Both the Dow and S&P 500 posted four-week losing streaks, their longest slides since August 2019, despite the gains on Friday. The Nasdaq in contrast had its first weekly gain in four weeks, rising 1.1% over that time period to finish at 10,913.56. Most key S&P sectors ended in negative territory for the week, led by the energy sector. Techs, discretionary and utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 26.4. Read More

Time to reduce risk as market internals got a quite corrective tilt

September 20th 2020

Market Review

The major averages posted modest losses for the week. The Dow Jones Industrial Average lost less than 0.1% to finish at 27,657.42. The S&P 500 dipped 0.7% in five trading days to end at 3,319.47. The Nasdaq finished at 10,793.28 and lost 0.6% this week. The Dow is down 2.7% for the month-to-date and the S&P 500 down 5.2%. Among the key S&P sectors, energy was the best weekly performer, while comm. services dragged. The CBOE Volatility Index (VIX) – seen by many investors as the best “fear gauge” on Wall Street – traded near 25.8 on Friday. Read More

Time to get cautious as market is heading into a make or break setup!

September 13th 2020

Market Review

All three major U.S. averages finished the holiday-shortened week with losses. The Dow Jones Industrial Average lost 1.7% over the week to close at 27,665.64. The S&P 500 lost 2.5% for the week to finish at 3,340.9. The Nasdaq fell 4.1% for the week to end at 10,853.55, its biggest weekly decline since March. Nearly all key S&P sectors ended lower for the week, led by energy. The materials sector was the only gainer. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed near 27. Read More

Too early to panic about the latest sentiment driven sell-off!

September 6th 2020

Market Review

U.S. stocks wrapped a turbulent week. After closing at new record levels during the week, all three major U.S. averages finally finished the week with losses. For the week, the Dow Jones Industrial Average lost 1.8% to end at 28,133.31. The S&P 500 fell 2.3% during the week and finished at 3,426.96. The Nasdaq saw a 3.3% weekly decline, its largest since March and finished at 11,313.13. Nearly all key S&P sectors ended in negative territory for the week, led by energy. Materials and utilities were to only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded advanced to 30.8. Read More

Tape confirmation is neglecting an imminent bear-case scenario

August 30th 2020

Market Review

In U.S. stocks ended another week with solid gains. The Dow Jones Industrial Average rose 2.6% over the week to close at 28,653.87. The S&P 500 jumped 3.3 percent for the week to finish at 3,508.01. The broad index closed its fifth straight week of gains for the first time this year. The benchmark is also on pace for its best August since 1984 when the index gained 10.63%. The Nasdaq closed at 11,695.63 and advanced 3.4% over the past five days, its fifth straight positive week for the first time since January. Apart from utilities, all key S&P sectors ended in positive territory for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 23. Read More