Recovery all across the board indicates a strengthening trend

January 2nd 2022  |

Market Review |

U.S. stocks finished the final week with a mixed performance. The Dow Jones Industrial Average gained 1,1% over the week to close at 36,338.30. The S&P 500 recorded a weekly gain of 0.7% and finished at 4,766.18. The Nasdaq ended at 15,644.97 and dropped 0.3% over the past week. All three benchmarks hit new records during the week and finished the month higher. December marked the Dow’s fifth-straight monthly gain and the Nasdaq recorded a six-month winning streak. In addition, all major indexes finished 2021 solidly. The S&P 500 rose 26.9% in 2021, marking the benchmark’s third straight positive year. The Dow and Nasdaq also notched three-year winning streaks, gaining 18.7% and 21.4% for the year, respectively. Nearly all 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, closed near 17.2. Read More

Seasonal tailwinds possible but upside participation remains an issue

December 26th 2021 |

Market Review |

U.S. stocks closed out an extremely volatile week with gains. For the week, the Dow Jones Industrial Average rose 1.6% to end at 35,950.56. The S&P 500 gained 2.3% from last Friday’s close to end at a record of 4,725.79. The Nasdaq jumped 3.2% for the week to end at 15,653.37. Among the key S&P sectors, discretionary was the best weekly performer, while financials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.0. Read More

Still too early to get back into the market as downside risk remains high!

December 19th 2021 |

Market Review |

As expected in our latest Market Timing Forecast, U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 1.7% over the week to 35,365.44. The S&P 500 booked a weekly loss of 1.9% to close at 4,620.64. The Nasdaq plummeted 2.9% for the week to end at 15,169.68. Among the key S&P sectors, health care was the best weekly performer, while the energy sector dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended near 21.6. Read More

Beware, as the quality of the latest recovery was outright poor!

December 12th 2021 |

Market Review |

U.S. stocks strongly bounced for the week, with some major indexes posting new record highs. Snapping a 4-week losing streak, the Dow Jones Industrial Average gained 4.0% to close at 35,970.99. The S&P 500 ended the week 3.8% higher at a record of 4,712.02. The Nasdaq closed at 15,630.60 and booked a weekly gain of 3.6%. 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, traded near 18.7. Read More

Further confirmation for our bear-case scenario!

December 5th 2021 |

Market Review |

U.S. stocks experienced a roller-coaster week that left major averages lower for the week. The Dow Jones Industrial Average dropped 0.9% for the week to finish at 34,580.08. The S&P 500 fell 1.2% in five trading days to end at 4,538.43. The Nasdaq finished at 15,085.47 and plummeted 2.6% this week. Nearly all key S&P sectors ended in negative territory for the week, led by communication services. The utilities sector was the only gainer. The CBOE Volatility Index (VIX) – seen by many investors as the best “fear gauge” on Wall Street – jumped to 30.7. Read More

Consolidation got a corrective tilt – Time to place a stop loss!

November 28th 2021 |

Market Review |

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 2% over the week to 34,899.34. Dropping more than 900 points on Friday, the Dow recorded its worst day of the year. The S&P 500 booked a weekly loss of 2.2% to close at 4,594.62. The Nasdaq slumped 3.5% for the week to end at 15,491.66. Nearly all key S&P sectors ended in negative territory for the week, led by the discretionary sector. The energy sector was the only gainer. The CBOE Volatility Index, often referred to as Wall Street’s “fear gauge,” jumped to 28, its highest level in two months. Read More

Sentiment driven consolidation could trigger short-term weaknesses!

November 21st 2021

Market Review

Markets were in consolidation mode last week as U.S. averages finished the week with a mixed performance. For the week, the Dow Jones Industrial Average fell 1.3% to close at 35,601.98. The S&P 500 posted a weekly gain of 0.3% and closed at 4,697.96. The Nasdaq finished at 16,057.44 and jumped 1.2% for the week. Among the key S&P sectors, discretionary was the best weekly performer, while the energy sector dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended near 17.9. Read More

Sentiment driven down-testing likely but not reason to get concerned

November 14th 2021

Market Review

Markets were in consolidation mode last week. The Dow Jones Industrial Average dropped 0.6% over the week to 36,100.31. The S&P 500 booked a small weekly loss of 0.3% to finish at 4,682.85. The Nasdaq inched down about 0.7% on the week and ended at 15,860.96. All three benchmarks posted their first losing week in six. Despite the week’s small losses, the three major averages are within striking distance of their record highs. Of the S&P sectors, materials led advancers, while the discretionary sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.3. Read More

Broad-based upside participation is confirming our bullish view!

November 6th 2021

Market Review

U.S. stocks rallied for another week, with all three main benchmarks scoring all-time closing highs. The Dow Jones Industrial Average posted a weekly increase of 1.4% to finish at a record of 36,327.95. The S&P 500 rose 2% for the five days to a record closing of 4,697.53. On Friday the broad index booked its seventh straight positive day and pushed its 2021 gains to 25%. The Nasdaq rallied 3.1% during the week to 15,971.59, a record high as well. In addition, its best weekly performance since early April. Nearly all key S&P sectors ended in positive territory for the week, led by the discretionary sector. Financials and health care were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded around 16.5 Read More

Healthy breather possible but no major deal-breaker visible!

October 31st 2021

Market Review

In  line with our latest call, U.S. stocks rallied for the week, pushing the major indexes to new record highs. The Dow Jones Industrial Average gained 0.4% in the past five days to finish at 35,819.56. The S&P 500 added 1.1% over the week to finish at 4,605.38. The Nasdaq rose 2.7% during the week to 15,498.39. All three major averages closed at record highs and posted their fourth positive week in a row. The Nasdaq gained 7.2% for October, while the S&P 500 gained 6.9%. The Dow rose 5.8% for its best month since March. Among the key S&P sectors, discretionary was the best weekly performer, while financials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 16.3. Read More

Further gains ahead as upside participation remains broad-based

October 24th 2021

Market Review

All major averages finished the week significantly higher. The Dow Jones Industrial Average increased 1.3% to end at a record close of 35,677.02. The S&P 500 gained 1.8% for the week to finish Friday at 4,544.90. The Nasdaq advanced 1.7 percent from the week-ago close to 15,090.20. All key S&P sectors finished in the black for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.4. Read More

Has the latest correction cycle come to an end?

October 17h 2021

Market Review

U.S. stocks closed out a very volatile week with strong gains. For the week, the Dow Jones Industrial Average rose 1.6% to end at 35,294.76. The S&P 500 gained 2% from last Friday's close to end at 4,471,37. The Nasdaq jumped 3.4% for the week to end at 14,897.34. Nearly all key S&P sectors ended in positive territory for the week, led by the materials sector. Comm. services was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.3. Read More

Further stabilization into expiration but expect further selling afterwards

October 10th 2021

Market Review

U.S. stocks wrapped an extremely volatile week and all three major U.S. averages finished the week finally in positive territory. The Dow Jones Industrial Average rose 1.2% in five trading days to end at 34,746.25. The S&P 500 added 0.8% over the week to finish at 4,391.34. The Nasdaq Composite rose just shy of 0.1% since last Friday's close to end at 14,579.54. Most key S&P sectors ended in positive territory 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 18.8. Read More

Short-term stabilization possible, but sell-off cycle is far from being over yet

October 3rd 2021

Market Review

U.S. stocks finished another week with losses. The Dow Jones Industrial Average lost 1.4% over the week to 34,326.46. The S&P 500 booked a weekly loss of 2.2% to close at 4,357.04. The Nasdaq plummeted 3.2% for the week to end at 14,566.70. The S&P 500 finished the month down 4.8%, breaking a seven-month winning streak. The Dow and the Nasdaq Composite fell 4.3% and 5.3%, respectively, suffering their worst months of the year. Nearly all key S&P sectors ended in negative territory for the week, led by health care. The energy sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.2. Read More

Market entered the next stage of a typical top-building process

September 26th 2021

Market Review

U.S. stocks experienced a roller-coaster week that saw the major averages dropping more than 2% at the beginning of the week, but managed to rebound strongly at the end of the week. In the end, major indexes finished the week in slightly positive territory. The Dow Jones Industrial Average gained 0.6% during the week to close at 34,798.00. The S&P 500 closed at 4,455.48 and ended the week up 0.5%. The Nasdaq eked out a tiny weekly gain of 0.02% to end at 15,047.70. Among the key S&P sectors, energy 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 17.8. Read More

Stay alert as tape condition continued to weaken

September 19th 2021

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average dropped 0.1% from the week-ago close to 34,584.88. The blue-chip index booked its third straight week of declines and has not had a 3-week losing streak since September 2020. The S&P 500 recorded a 0.6% loss over the week and finished at 4,432.99, its second straight week of losses. The Nasdaq Composite booked a weekly fall of 0.5% to end at 15,043.97. Most key S&P sectors ended in negative territory for the week, led by the materials sectors. Discretionary and energy were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 20.8. Read More

Correction risk is back on the table!

September 12th 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 2.2% over the week to 34,607.72. The S&P 500 booked a weekly loss of 1.7% to close at 4,458.58. The Nasdaq shed 1.6% for the week to end at 5,115.49. All key S&P sectors ended in negative territory for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 21. Read More

Narrow based rally transformed back into a more broad-based up-trend

September 5th 2021

Market Review

U.S. stocks finished the week with a mixed performance. Closing at 35,369.09, the Dow Jones Industrial Average shed 0.2% in five trading days. The S&P 500 logged a 0.6% gain for the week to finish at 4,535.43. The Nasdaq posted a weekly advance of 1.6% and finished at 15,363.52. Among the key S&P sectors, health care was the best weekly performer, while financials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.4. Read More

Narrow based rally has not been able to sort out negative divergences so far!

August 29th 2021

Market Review

U.S. stocks finished the week in the green, with two benchmarks hitting record highs. The Dow Jones Industrial Average rose 0.9% in five trading days to end at 35,455.80. The S&P 500 added 1.5% over the week to finish at 4,509.37. The Nasdaq Composite gained 2.8% during the week to 15,129.50. Most key S&P sectors ended in positive territory for the week, led by the energy sector. Utilities lead decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16. Read More

Stay alert since risk for stronger pullback remains high!

August 22nd 2021

Market Review

All three major U.S. averages finished a choppy week with losses. The Dow Jones Industrial Average dipped 1.1% last week to close at 35,120.08. The S&P 500 recorded a weekly loss of 0.6% to reach to reach 4,441.67. The Nasdaq was 0.7% lower for the week and finished at 14,714.66. Among the key S&P sectors, utilities were 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 18.6. Read More

Quality of the current rally still remains outright low!

August 15th 2021

Market Review

U.S. stocks finished the week with a mixed performance. Closing at 35,515.38, the Dow Jones Industrial Average increased 0.9% in five trading days. The S&P 500 logged a 0.7% gain for the week to finish at 4,468.00. The Nasdaq Composite, in contrast lost 0.1% during the week and finished at 14,822. Nearly all key S&P sectors closed in positive territory, led by the materials sector. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.5. Read More

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