Stay calm! Expected consolidation still remains constructive in its nature!

February 2nd 2020

Market Review

U.S. stocks finished another week with losses. The Dow Jones Industrial Average lost 2.5% over the week to 28,256.03. The S&P 500 booked a weekly loss of 2.1% to close at 3,225.52. On Friday, both the Dow and S&P 500 recorded their biggest one day falls since August. The Nasdaq shed 1.8 percent for the week to end at 9,150.94. After all three benchmark indexes saw record highs earlier in January, for the year to date the Dow is now down 1% and the S&P 500 is down 0.2%, while the technology heavy Nasdaq index is still up 2%. Most key S&P sectors ended in negative territory for the week, led by energy. The utilities sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 18.8. Read More

No need to panic since the option market already did!

January 26th 2020

Market Review

Due to a negative Friday, U.S. stocks finished the four-day week in negative territory. The Dow Jones Industrial Average slumped 1.2% over the week to 28,989.73. The S&P 500 booked a weekly loss of 1.0% to finish at 3,295.47. The Nasdaq shed 0.8% for the week to end at 9,314.91. Nearly all key S&P sectors ended in negative territory for the week, led by energy. The utilities sector led gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 14.6. Read More

Still not too late to join the party as tape condition remains robust!

January 19th 2020

Market Review

U.S. stocks rallied for the week, lifting the benchmark indexes again to new record highs. The Dow Jones Industrial Average advanced 1.8% for the week to end at 29,348.10. The S&P 500 gained nearly 2% over the week to 3,329.62. The Nasdaq soared 2.3% from last Friday's close to 9,388.94. The major averages all hit record highs on Friday. For the week all three benchmark indexes also posted their largest percentage gains since August last year. The Dow has been up for five of the past six weeks, with a year-to-date return of 2.8%. The S&P 500 has been up for two consecutive weeks, with a year-to-date return of 3.1% and the Nasdaq has risen for six straight weeks, with a year-to-date return of 4.6%. Most key S&P sectors ended in positive territory for the week, led by utilities. The energy sector was the only decliner. The CBOE Volatility Index (VIX), a gauge of options prices known as VIX, ended at 12.10. Read More

Market will face a consolidation period soon but no reason to get nervous!

January 12th 2020

Market Review

All three major benchmarks indexes set new intraday highs Friday and posted solid gains for the week despite Friday’s weak close. The Dow Jones Industrial Average rose 0.7% from the week-ago close to 28,823.77. Earlier in the session, the 30-stock average broke above 29,000 for the first time ever. The S&P 500 advanced 0.9% for the week to 3,265.35. The Nasdaq gained 1.8% over the week to 9,178.86. Among the key S&P sectors, the communication services sector was the best weekly performer and energy the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, edged lower to near 12.6. Read More

Sentiment driven washout has started to have its expected impact

January 5th 2020

Market Review

Although U.S. stocks dropped sharply on Friday, they closed the holiday-shortened week nearly unchanged. Still the major benchmarks reached new record highs during the week. The Dow Jones Industrial Average dipped 0.04% over the week to end at 28,634.88. The S&P 500 recorded a weekly 0.2% decline to close at 3,234.85. The Nasdaq advanced 0.2% from last Friday’s close to finish at 9,020.77. Among the key S&P sectors, the industrials sector was the greatest gainer for the week, while materials led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14. Read More

Sentiment driven washouts possible but no major deal-breaker visible

December 29h 2019

Market Review

In line with our latest outlook, U.S. stocks rallied for the holiday-shortened week, pushing the main indexes again to fresh records. The Dow Jones Industrial Average booked a weekly gain of 0.7 percent to close at a record of 28,645.26. The S&P 500 climbed 0.6 percent for week to a record high of 3,240.02. The Nasdaq increased 0.9 percent from last Friday to 9,006.62, hitting a new intraday high earlier in the session. The main U.S. indexes are close to their best annual performance since 2013 and may yet put in a return not seen since 1997 depending on trading on the final two days of the year next week. The Dow Jones Industrial Average is up 22.8 percent year-to-date basis, the S&P 500 is up 29.3 percent and the Nasdaq 35.7 percent. Most key S&P sectors ended in positive territory for the week, led by the discretionary sector. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 13.4. Read More

S&P 500 jumped to another record high!

December 22nd 2019

Market Review

U.S. stocks rallied for the week, lifting the benchmark indexes to new record highs. The Dow Jones Industrial Average rose 1.2 percent for the week to end at 28,455.09. The S&P 500 gained 1.5 percent over the week to 3,221.23. The benchmark index for American equities posted its fourth consecutive weekly gain and had its best weekly performance since August. The Nasdaq soared 2.1 percent in five trading days to 8,924.96. The tech-heavy also recorded its best weekly performance since August. Most key S&P sectors ended in positive territory for the week. Industrials and financials were the only decliners. The Chicago Board Options Exchange Volatility Index, a gauge of options prices known as VIX, ended at 12.5. Read More

New all-time high is backed by a broad basis!

December 15th 2019

Market Review

U.S. stocks finished the week in positive territory with the main benchmarks posting record highs on Friday. The Dow Jones Industrial Average gained 0.4 percent over the week to 28,135.38. The S&P 500 recorded a weekly rise of 0.7 percent to finish at 3,168.80. The Nasdaq advanced 0.9 percent for the week to close at 8,734.88. Most key S&P sectors finished higher, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.6. Read More

All good, as the S&P 500 just closed 0.3 percent below its all-time high!?

December 8th 2019

Market Review

Last week, all three major U.S. averages finished a volatile week nearly unchanged. The Dow Jones Industrial Average lost 0.1 percent during the week to close at 28,015.06. Friday’s performance was the Dow’s best since Oct. 4, when it rallied 1.4 percent. The S&P 500 managed to eke out a weekly gain of 0.2 percent to close at 3,145.91. On Friday the broad index booked its biggest one-day gain since Oct. 15. The Nasdaq lost 0.1 percent for the week to end at 8,656.53. The benchmarks also closed just below their record highs reached Nov. 27. The S&P 500 was just 0.3 percent away from hitting an all-time high. The Dow and Nasdaq are both 0.6 percent off their records. Of the 10 sectors in the index, the energy sector led decliners, while industrials led advancers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.6. Read More

Correction risk has diminished significantly as tape condition strengthened!

December 1st 2019

Market Review

U.S. stocks finished the holiday-shortened week in positive territory, with all three benchmarks reaching further minor all-time highs during the week. The Dow Jones Industrial Average added 0.6 percent for the week to end at 28,051.41. The S&P 500 advanced 1.0 percent from last Friday’s close to finish at 3,140.98. The Nasdaq climbed 1.7 percent over the week to 8,665.47. 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 12.6. Read More

Correction risk is increasing on a fast pace! Time to place a stop-loss immediately!

November 24th 2019

Market Review

U.S. stocks finished the week slightly in negative territory with the main benchmarks posting their first weekly decline in over a month. The Dow Jones Industrial Average lost 0.5 percent over the week to 27,875.62, snapping a four-week winning streak. The S&P 500 recorded a weekly loss of 0.3 percent to finish at 3,110.29, halting six weeks of gains. The Nasdaq retreated 0.3 percent for the week to finish at 8,519.88, ending its seven-week advance. Among the key S&P sectors, health care was the best weekly performer, while materials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.3. Read More

The bandwagon is getting crowed but further confirmation needed!

November 17th 2019

Market Review

U.S. stocks gained for another week, with the main benchmark indexes scoring further all-time closing highs. Notching its fourth week of consecutive gains and rising 1.2 percent in that time, the Dow Jones Industrial Average closed at 28,004.89. The blue-chip rallied to record levels on Friday, reaching 28,000 for the first time ever. It took the Dow just over four months to go from 27,000 for the first time to 28,000. The S&P 500 rose 0.9 percent for the five days to a record of 3,120.46. It is the S&P's sixth straight weekly gain. That’s the longest streak for the S&P 500 since 2017, when it climbed for eight straight weeks. The Nasdaq rose for a seventh consecutive week, advancing 0.8 percent to a record high of 8,540.83. For the full year so far, the Dow is up about 20 percent, the S&P 500 has gained 24.5 percent, while the Nasdaq has climbed nearly 29 percent in the year to date. Nearly all key S&P sectors ended in positive territory for the week, led by health care. Financials and energy were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded around 12.1. Read More

The S&P 500 reached a new high, but the air is getting thinner!

November 10th 2019

Market Review

U.S. stocks continued to rally, pushing the major indexes to new record highs. The Dow Jones Industrial Average posted a three-week winning streak and rose 1.2 percent to 27,681.20 last week. The S&P 500 rose for a fifth straight week, gaining 0.9 percent to 3,093.08. The Nasdaq rose 1.1 percent during the week to 8,475.31, extending its weekly winning streak to six. Most key S&P sectors ended in positive territory for the week, led by financials. Utilities led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 12.1. Read More

Stocks rallied for the week, pushing the S&P 500 to a new record high!

November 3rd 2019

Market Review

In line with our latest call, U.S. stocks rallied for the week, pushing the S&P 500 and the Nasdaq to new record highs. For the week, the Dow Jones Industrial Average rose 1.4 percent to 27,347.36. The S&P 500 climbed 1.5 percent for week to a record high of 3,066.91. The Nasdaq increased 1.7 percent from last Friday close to an all-time high of 8,386.4. Most key S&P sectors ended 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, ended near 12.3. Read More

Expect to see a new all-time high soon!

October 27th 2019

Market Review

U.S. stocks finished the week with solid gains. The S&P 500 rose 1.3 percent to 3,022.55, just closing 3 points below its latest closing high in July. The Dow Jones Industrial Average ended the week with a gain of 0.8 percent, at 26,958.06. The Nasdaq advanced 1.8 percent from last Friday's close to finish at 8,243.12. 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, closed at 12.65. Read More

Ingredients for a new high scenario are accumulating!

October 20th 2019

Market Review

All three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average fell sharply on Friday (more than 255 points) to 26,770.20 and declined, therefore, 0.2 percent for the week. The S&P 500 increased 0.5 percent for the week to finish at 2,986.20. The Nasdaq Composite closed at 8,089.54 and scored a 0.4 percent gain for the week. Both indexes were able to post modest gains for the week despite Friday’s decline. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded below 14.5. Read More

The S&P 500 closed just 2 percent below its all-time high, but …

October 13th 2019

Market Review

U.S. stocks finished the week with gains, whereas the Dow Jones Industrial Average and the S&P 500 managed to snap a three-week losing streak. The Dow Jones Industrial Average booked a 0.9 percent weekly gain to end at 26,816.59. The S&P 500 recorded a weekly climb of 0.6 percent and closed at 2,970.27. The Nasdaq ended the week up 0.9 percent and closed at 8,057.0. Most key S&P sectors ended in positive territory for the week led by materials. Utilities led the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.6. Read More

Impulsive rally in place!

October 6th 2019

Market Review

U.S. averages finished a quite volatile week with a mixed performance. The Dow Jones Industrial Average lost 0.9 percent over the week, to end at 26,573.72. The S&P 500 declined 0.3 percent for the week to finish at 2,952.01. Both, the Dow Jones Industrial Average and the S&P 500 posted their third down week. The Nasdaq closed at 7,982.47, ending the week 0.5 percent higher and snapping a two week losing streak. Among the key S&P sectors, health care was the best weekly performer, while energy dragged the most. The CBOE Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 17. Read More

No need to panic! Expected consolidation period remains supportive!

September 29th 2019

Market Review

U.S. stocks declined for a second week. The Dow Jones Industrial Average booked a weekly loss of 0.4 percent to finish at 26,820.25. The S&P 500 dropped 1.0 percent to 2,961.79 for the week. The Nasdaq fell 2.1 percent for the week and finished at 7,939.63. Among the key S&P sectors, utilities and staples were the only weekly performers, while all other sectors dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended above 17.2. Read More

Short lived consolidation possible but set-up remains quite bullish!

September 22nd 2019

Market Review

After the S&P 500 just had closed 10 points below its all-time high on Thursday, U.S. stocks fell on Friday, with the major indexes snapping a three-week winning streak. For the week, the S&P 500 finished at 2,992.09 and posted a weekly drop of 0.5 percent. The Dow Jones Industrial Average slid 1.1 percent to 26,935.07, whereas the Nasdaq finished the week 0.7 percent lower. The utilities sector was the best weekly performer, while discretionary dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.2. Read More

Expect to see new all-time highs soon!

September 15th 2019

Market Review

In line with our latest call, all three major U.S. averages finished the week with solid gains. For the week the Dow Jones Industrial Average advanced 1.6 percent to end at 27,219.52. The blue-chip index posted its first eight-day winning streak in more than a year. The S&P 500 added 1.0 percent for the week to finish at 3,007.39. The Nasdaq advanced 0.9 percent from the week-ago close to 8,176.71. Friday’s action left the Dow Jones Industrial Average 0.5 percent from its record at 27,359.16 hit on July 15, while the S&P 500 was also 0.5 percent from its all-time high at 3,025.86 set on July 26. The Nasdaq ended the day 1.9 percent from its all-time closing high at 8,330.21 also hit on July 26. Most key S&P sectors finished higher, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.7. Read More

The S&P 500 rallied strongly for the week!

September 8th 2019

Market Review

In line with our latest technical market forecast, U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average rose 1.5 percent from the week-ago close to 26,797.46. The S&P 500 climbed 1.8 percent for the week to 2,978.71. The Nasdaq also gained 1.8 percent over the week to 8,103.07. The Dow Jones Industrial Average stands 2.1 percent shy of its record closing peak at 27,359.16, hit July 15, while the S&P 500 is about 1.6 percent short of its all-time closing high set July 26 at 3,025.86, and the Nasdaq is 2.7 percent from its July 26 record at 8,330.21. 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, dropped to 15. Read More

Time to raise exposure again as tape is getting back on track!

September 1st 2019

Market Review

U.S. stocks posted solid gains for the week. The Dow Jones Industrial Average added 3.0 percent over the week to end at 26,403.28. The S&P 500 recorded a weekly 2.8 percent gain to close at 2,926.46. The Nasdaq advanced 2.7 percent from last Friday's close to finish at 7,962.88. Still, the major indexes posted their worst monthly performance since May. The Dow fell 1.7 percent in August while the S&P 500 lost 1.8 percent and the Nasdaq pulled back 2.6 percent. All key S&P sectors ended in positive territory for the week, led by the industrials sector. The CBOE Volatility Index (VIX), widely considered to be the best fear gauge on Wall Street, traded near 19. Read More

Positive divergences are forming! Time to get back into the market?!

August 25th 2019

Market Review

Mainly due to a strong sell-off on Friday, U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average dropped 1.0 percent over the week to 25,628.90. The losses brought the Dow’s decline for August to more than 4 percent. The S&P 500 declined 1.4 percent for the week to finish at 2,847.11. The Nasdaq slipped 1.8 percent for the week to end at 7,751.77. Nearly all key S&P sectors finished in the red for the week, dragged by materials. Utilities were the only gainers. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, traded near 19.9. Read More

Successful retest of previous low in place!

August 18th 2019

Market Review

U.S. stocks ended a wild week with losses. For the week the Dow Jones Industrial Average dropped 1.5 percent to 25,886.01. The S&P 500 lost 1.0 percent over the week to end at 2,888.68. The Nasdaq declined 0.8 percent from the week ago close to finish at 7,895.99. All three benchmarks posted their third straight weekly losses. Most key S&P sectors ended in negative territory for the week, led by energy. Utilities and consumer staples were the only gainers. The Chicago Board Options Exchange Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.5. Read More

The S&P 500 recorded its biggest one-day sell-off of the year!

August 11th 2019

Market Review

U.S. stocks had a wild week, with the major indexes recording their biggest one-day sell-off of the year on Monday. The indexes recovered some of those losses on Tuesday and finally finished the week with quite manageable declines. The Dow Jones Industrial Average dropped 0.8 percent over the week to 26,287.44. The S&P 500 booked a weekly loss of 0.5 percent to finish at 2,918.65. The Nasdaq shed 0.6 percent for the week to end at 7,959.14. Of the S&P sectors, utilities led advancers, while energy led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18. Read More

The S&P 500 had its worst week of the year!

August 4th 2019

Market Review

U.S. stocks finished the week in negative territory with the main benchmarks posting the steepest weekly losses this year. The Dow Jones Industrial Average lost 2.6 percent over the week to 26,485.01. The S&P 500 recorded a weekly loss of 3.9 percent to finish at 2,932.05. The Nasdaq slumped 3.9 percent for the week to end at 8,004.07. The weekly declines for the S&P 500 and the Nasdaq were the largest 2019, while the Dow Jones Industrial Average had its second-worst week of the year. Nearly all key S&P sectors ended in negative territory for the week, led by energy. The utilities sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 17.6. Read More

Small improvements visible but tape condition is still lagging behind!

July 28th 2019

Market Review

U.S. stocks climbed last week, lifting the S&P 500 and Nasdaq to record closes. The Dow Jones Industrial Average eked out a small weekly gain of 0.1 percent to finish at 27,192.45. The S&P 500 gained 1.7 percent in the past five days to finish at 3,025.86, posting a record high. The Nasdaq gained 2.3 percent for the week to end at an all-time high of 8,330.21. Nearly all key S&P sectors ended in positive territory for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 12.16. Read More

Time to take profits!

July 21st 2019

Market Review

U.S. stocks closed the week slightly lower. For the week, the Dow Jones Industrial Average slid 0.6 percent to 27,154.20. The S&P 500finished at 2,976.61 and posted a weekly drop of 1.0 percent. The Nasdaq declined 1.0 percent from the week-ago close to 8,146.49. Most key S&P sectors finished lower, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.5. Read More

The S&P 500 closed above 3,000 for the first time!

July 14th 2019

Market Review

U.S. stocks posted solid gains for the week with the major indexes passing multiple milestones and reaching new record highs. The Dow Jones Industrial Average added 1.5 percent over the week to end at 27,332.03. The Dow Jones Industrial Average closed above 27,000 for the first time on Thursday. The S&P 500 recorded a weekly 0.8 percent gain to close at 3,013.77. This week, the broad index notched its first close above 3.000. The Nasdaq advanced 1.0 percent from last Friday's close to finish at 8,244.14. Among the key S&P sectors, energy was the greatest gainer for the week, while health care led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.4. Read More

The market is moving right in line with our outlook!

July 7th 2019

Market Review

U.S. stocks finished the week in positive territory, with all three benchmarks reaching all-time highs during the week. The Dow Jones Industrial Average added 1.2 percent for the week to end at 26,922.12. The S&P 500 advanced 1.7 percent from last Friday's close to finish at 2,990.41. The Nasdaq climbed 1.9 percent over the week to 8,161.79. All three equity gauges finished at all-time highs on Wednesday. Most key S&P sectors ended in positive territory for the week, led by technology. The energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.3. Read More

Consolidation mode close to end!

June 30th 2019

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.4 percent to close at 26,599.96. The 30-stock index rallied more than 7 percent this month and 14 percent for the first half. The S&P 500 recorded a weekly decline of 0.3 percent to end at 2,941.74. For the month, the S&P 500 jumped 6.9 percent, its best June performance since 1955. The broad index is also up more than 17 percent this year. The Nasdaq also lost 0.3 percent for the week to end at 8,006.24 but rallied 7.4 percent this month. Among the key S&P sectors, materials was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 15.1. Read More

The S&P 500 and the WSC All Weather Portfolio reached a new all-time high!

June 23rd 2019

Market Review

After a short-lived consolidation period on Monday, U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 2.4 percent to close at 26,719.13. The S&P 500 advanced 2.2 percent over the week to 2,950.46. Both, the Dow Jones Industrial Average and the S&P 500 reached an all-time high during the week. The Nasdaq rose 3.0 percent over the past five days to 8,031.71. All three main benchmarks are also up for a third week in a row. All key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.4. Read More

Stronger tape improvements all across the board!

June 16th 2019

Market Review

All three major U.S. averages finished the week with gains. For the week, the Dow Jones Industrial Average eked out a gain of 0.4 percent to end at 26,089.61. The S&P 500 returned 0.5 percent for the week to finish at 2,886.98. The Nasdaq advanced 0.7 percent for the week to finish at 7,796.66. All indexes gained for a second week in a row. Among the key S&P sectors, discretionary and utilities were the best weekly performers, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15. Read More

The WSC All Weather Portfolio reached a new all-time high last week!

June 9th 2019

Market Review

U.S. stocks wrapped a turbulent week. After closing in outright negative territory on Monday, all three major U.S. averages recovered on Tuesday and finally finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 4.7 percent to end at 25,983.94. The S&P 500 returned 4.4 percent during the week and finished at 2,873.34. The Nasdaq climbed 3.9 percent from the week-ago close to end at 7,742.1. All key S&P sectors ended in positive territory for the week, led by materials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.3. Read More

Dow plummeted 3 percent for the week! No signs for a sustainable bottom yet!

June 2nd 2019

Market Review

U.S. stocks finished the week with sharp losses. The Dow Jones Industrial Average plummeted 3.0 percent over the week to 24,815.04. The S&P 500 dropped 2.6 percent to finish at 2,752.06. The Nasdaq slid 2.4 percent for the week to end at 7,453.15. All key S&P sectors finished in the red for the week, dragged by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 18.7. Read More

Make or break set-up is forming! Time to get cautious!

May 26th 2019

Market Review

U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average declined 0.7 percent during the week to end at 25,585.69. The S&P 500 Index lost another 1.2 percent from the prior Friday's close to finish at 2,826.06. The Nasdaq tumbled 2.3 percent during the week to 7,637.01. Most key S&P 500 sectors finished lower, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.9. Read More

Bottom building process in force but bullish impulses are missing as well!

May 19th 2019

Market Review

U.S. stocks wrapped a volatile week and all three major U.S. averages finished the week finally in negative territory. The Dow Jones Industrial Average declined 0.7 percent over the week to 25,764. The S&P 500 recorded a weekly loss of 0.8 percent to finish at 2,859.53. The Nasdaq lost 1.3 percent for the week to end at 7,816.28. Most key S&P sectors ended in negative territory for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16. Read More

Sell in May and go away? No! It is still too early to pull the trigger!

May 12th 2019

Market Review

U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average slumped 2.1 percent over the week to 25,942.37. The S&P 500 booked a weekly loss of 2.2 percent to finish at 2,881.40. The Nasdaq shed 3.0 percent for the week to end at 7,916.94. The weekly declines for the S&P 500 and the Nasdaq were the biggest of the year. All key S&P sectors ended in negative territory for the week, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 19.1 Read More

Consolidation has definitely a bullish tilt as market internals are gearing up!

May 5th 2019

Market Review

After a quite volatile week, U.S. stocks finished the week nearly unchanged. The Dow Jones Industrial Average posted a small weekly loss of 0.1 percent to close at 26,504.95. Due to a quite strong Friday, the S&P 500 closed the week slightly higher at 2,945.64. The Nasdaq also eked out a small gain for the week to finish at a new all-time high of 8,164.0. Among the key S&P sectors, financials and health care were the top gainers and energy the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.9 on Friday after spiking towards 15.9 on Wednesday. Read More

The S&P 500 reached a new all-time high, but…

April 28th 2019

Market Review

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average remained nearly unchanged for the week (down less than 0.1 percent) and closed 1.5 percent below its all-time high at 26,543.33. The S&P 500 increased 1.2 percent for the week to a new all-time high of 2,939.88. The Nasdaq jumped 1.9 percent for the week to end also at an all-time high of 8,146.40. Among the key S&P sectors, the health care sector was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 12.7. Read More

Short-term breather possible but no reason to panic right now!

April 21st 2019

Market Review

U.S. stocks finished the holiday-shortened week nearly unchanged. The Dow Jones Industrial Average booked a weekly gain of 0.6 percent to close at 26,559.54. The S&P 500 slipped 0.1 percent during the week to end at 2,905.03. The Nasdaq eked out a little weekly gain of 0.2 percent to finish at 7,998.06. Among the key S&P sectors, the industrials sector was the best weekly performer, while health care dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 12.1. Read More

No major deal-breakers visible, although increased volatility looks quite likely!

April 14th 2019

Market Review

U.S. stocks finished the week mostly with gains. For the week, the Dow Jones Industrial Average lost 0.1 percent to close at 26,412.30. The S&P 500 booked a weekly gain of 0.5 percent to end at 2,907.41. The Nasdaq added 0.6 percent for the week to end at 7,984.16. Among the key S&P sectors, the financial sector was the best weekly performer, while health care dragged. The CBOE Volatility Index(VIX), widely considered the best gauge of fear in the market, traded near 12. Read More

Expect new bull-market highs soon! PS: New high in our model portfolio!

April 7th 2019

Market Review

U.S. stocks rallied for the week. The Dow Jones Industrial Average surged 2.0 percent for the week to close at 26,424.99. The S&P 500climbed also 2.0 percent from last Friday's close to end at 2,892.74. The Nasdaq booked a weekly gain of 2.7 percent and finished at 7,938.69. Most key S&P sectors ended in positive territory for the week, led by materials. Consumer staples and utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.8. Read More

Bullish biased range-bound trading set-up remains unchanged!

March 31st 2019

Market Review

U.S. stocks wrapped a quite volatile week and all three major U.S. averages finished the week with decent gains. The Dow Jones Industrial Average added 1.5 percent from last Friday's close to 25,928.68. The blue-chip index just eked out a roughly 0.1 percent gain for March, and an 11.2 percent charge higher in the first quarter. The S&P 500 advanced 1.2 percent during the week to 2,834.40. The broad index only booked a 1.8 percent monthly rise and a first-quarter advance of 13.1 percent, the best quarterly performance since the third quarter of 2009. The Nasdaq closed at 7,729.32 and added 1.1 percent for the week. The heavy-tech index is up 2.6 percent for the month and advanced 16.5 percent for the first three months of the year. Nearly all key S&P sectors ended in positive territory for the week, led by industrials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 13.7. Read More

Smells like further range bound trading ahead!

March 24th 2019

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average fell 1.3 percent in five trading days to end at 25,502.32. The S&P 500 booked a 0.8 percent loss over the week and closed at 2,800.71. The Nasdaq dropped 0.6 percent for the week to 7,642.67. 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

Smells like further range bound trading ahead!

March 24th 2019

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average fell 1.3 percent in five trading days to end at 25,502.32. The S&P 500 booked a 0.8 percent loss over the week and closed at 2,800.71. The Nasdaq dropped 0.6 percent for the week to 7,642.67. Among the key S&P sectors, discretionary was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), increased to 16.96. Read More

Stronger tape improvements all across the board!

March 17th 2019

Market Review

U.S. stocks closed out the week in positive territory with all three major averages logging strong gains. The Dow Jones Industrial Average advanced 1.6 percent, to 25,848.87. The 30-stock gauge recorded its best weekly advance since February 15th. The S&P 500increased 2.9 percent over the five days to finish at 2,822.48. The broad index booked its biggest weekly gain since Nov. 30. The Nasdaq jumped 3.8 percent for the week to 7,688.53, its strongest weekly advance since Dec. 28th. All key S&P sectors closed in positive territory for the week, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 12.9. Read More

Time to cut exposure?

March 10th 2019

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 2.2 percent over the week to 25,450.24. The S&P 500 also recorded a weekly loss of 2.2 percent to finish at 2,743.07. The Nasdaq lost 2.4 percent for the week to end at 7,408.14. All three benchmarks posted their biggest weekly declines of the year. Most key S&P sectors ended in negative territory for the week, led by energy. Utilities were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.1. Read More

Seasonal headwinds until mid-March possible but no need to panic right now!

March 3rd 2019

Market Review

U.S. stocks finished the week mostly with small gains. The Dow Jones Industrial Average closed at 26,026.32 and shed about 0.1 percent for the week to snap its nine-week winning streak, the longest since May 1995. The S&P 500 ended at 2,803.69 and booked a weekly gain of 0.4 percent. The Nasdaq added 0.9 percent over the week to finish at 7,595.35. Most key S&P sectors finished higher, led by energy. The materials sector was the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 13.6. Read More