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

Re-test of the previous bull-market high likely in late Q1!

February 24th 2019

Market Review

U.S. stocks finished the week with decent gains. The Dow Jones Industrial Average added 0.6 percent for the week to end at 26,031.8. The 30-stock index also broke above 26,000 for the first time since early November and posted its ninth consecutive weekly gain, its longest streak since May 1995. The S&P 500 also eked out a gain of 0.6 percent from last Friday's close to finish at 2,792.67. The Nasdaq climbed 0.7 percent over the week to 7,527.54. It notched its ninth straight weekly gain, its longest streak since May 2009. Most key S&P sectors finished higher. The utilities sector was the best weekly performer, while energy dragged. The CBOE Volatility Index(VIX), widely considered the best gauge of fear in the market, traded near 13.5. Read More

No major technical deal-breaker visible! FOMO is still kicking in!

February 17th 2019

Market Review

U.S. stocks rallied for another week. The Dow Jones Industrial Average surged 3.1 for the week, marking its best weekly winning streak since November 2017. The S&P 500 climbed 2.5 percent, its third straight week of finishing higher. The Nasdaq added 2.4 percent, its longest weekly stretch since August 2016. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.9. Read More

Increased volatility likely although technical set-up remains bullish!

February 10th 2019

Market Review

U.S. stocks wrapped a volatile week and all three major U.S. averages finished the week with small gains. The Dow Jones Industrial Average eked out a small weekly gain of 0.2 percent to finish at 25,106.33. The S&P 500 finished at 2,707.88 and ended the week roughly where it had started (plus 0.1 percent). The Nasdaq recorded a weekly gain of 0.5 percent to end at 7,298.20. Among the key S&P sectors, the utilities sector was the best weekly performer, while energy dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 15.7. Read More

Rally strongly continued last week, but dumb money is still not buying it!

February 3rd 2019

Market Review

U.S. stocks rallied for the week. The Dow Jones Industrial Average added 1.3 percent from last Friday's close to 25,063.89. The blue-chip index rose to extend its winning streak for a sixth week, the longest since November 2017. The S&P 500 advanced 1.6 percent during the week to 2,706.53. The Nasdaq closed at 7,263.87 and added 1.4 percent for the week. 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, ended near 16.1. Read More

Expect to see further gains down the road!

January 27th 2019

Market Review

U.S. stocks finished the week nearly unchanged. The Dow Jones Industrial Average eked out a small weekly gain of 0.1 percent to finish at 24,737.20. The blue-chip index recorded its fifth week of gains. The S&P 500 declined 0.2 percent from the week ago close to end at 2,664.76. The Nasdaq gained 0.1 percent over the week and ended at 7,164.86. Among key S&P sectors, technology and utilities led the gainers, while energy and staples dragged. The CBOE Volatility Index, a gauge for U.S. stock volatility known as the VIX, traded near 17.4. Read More

Market is moving right in line with our outlook!

January 20th 2019

Market Review

After a short-lived consolidation at the beginning of the week, U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 3.0 percent over the week to close at 24,706.35. The S&P 500 jumped 2.9 percent for the week to finish at 2,670.71. The Nasdaq advanced 2.7 percent over the past five days to end at 7,157.23. Most key S&P sectors ended in positive territory for the week, led by financials. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 18. Read More

Market has to digest the strong rally! Period of consolidation ahead!

January 13th 2019

Market Review

All three major U.S. averages posted solid weekly gains. The Dow Jones Industrial Average booked a weekly gain of 2.4 percent to close the week at 23,995.95. The S&P 500 increased 2.5 percent for the week to end at 2,596.26. The Nasdaq produced a weekly return of 3.5 percent to finish at 6,971.48. All key S&P sectors finished higher, led by industrials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.2. Read More

Important low in place as bounce was broadly confirmed by market tape!

January 6th 2019

Market Review

U.S. stocks closed the first week of the year with solid gains. The Dow Jones Industrial Average added 1.6 percent over the holiday-shortened week to end at 23,433.16. The S&P 500 recorded a weekly 1.9 percent gain to close at 2,531.94. The Nasdaq advanced 2.3 percent from last Friday's close to finish at 6,738.86. Among the key S&P sectors, energy was the greatest gainer for the week, while utilities was the only negative sector for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 21.4. Read More

Oversold bounce/stabilization place! Do not get greedy!

December 30th 2018

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 2.8 percent over the week to close at 23,062.40. The S&P 500 logged a 2.9 percent rise for the week to finish at 2,485.74. The Nasdaq ended at 6,584.52 and jumped 4.0 percent over the past week. It was the first weekly gain for all three indexes since the end of November. All three indexes are still nursing sharp month-to-date losses, however, with the S&P down 9.9 percent, the Dow off 9.7 percent and the Nasdaq down 10.2 percent. Nearly all key S&P sectors ended in positive territory for the week, led by discretionary; the utilities sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 28.3. Read More

Bear market fully in force and in line with our strategic outlook!

December 23th 2018

Market Review

U.S. stocks plunged for the week, sending the major indexes to their worst week for years. The Dow Jones Industrial Average recorded a weekly loss of 6.9 percent to finish at 22,445.37. It was its worst percentage drop since October 2008. The S&P 500 finished at 2,416.58 and plunged 7.1 percent for the week. Its worst weekly showing since 2011. The Nasdaq lost 8.4 percent for the week to close at 6,332.99. Its worst percentage drop since October 2008. The Dow Jones Industrial Average and S&P 500 are on track for their worst December performance since the Great Depression in 1931. 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, jumped to 30.1. Read More

Bounce successfully turned out to be corrective!

December 16th 2018

Market Review

U.S. stocks finished another week with losses. For the week, the Dow Jones Industrial Average declined 1.2 percent, to finish at 24,100.51. The blue-chip index dropped to its lowest level since early May and is now down 2.5 percent for the year. The S&P 500 recorded a weekly loss of 1.3 percent and closed at 2,599.9 – its lowest closing level since April. The benchmark index is down 2.8 percent year to date. The Nasdaq fell 0.8 percent for the week to close at 6,910.66. For the year, the tech-heavy index is now up just 0.1 percent. Most key S&P sectors ended in negative territory for the week, led by financials. Utilities were the only advancers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.6. Read More

Market successfully entered final stage! Bear market rally possible!

December 9th 2018

Market Review

U.S. stocks finished the shortened week with deep losses. The Dow Jones Industrial Average slumped 4.5 percent over the week to 24,388.95. The S&P 500 retreated 4.6 percent for the week to finish at 2,633.08. The Nasdaq tumbled 4.9 percent for the week to finish at 6,969.25. It was the biggest weekly percentage decline for all three benchmarks since March, while also marking the worst start to a December since 2008. The slump pushed the S&P 500 and Dow Jones Industrial Average back into negative territory for 2018, while the Nasdaq is clinging to a 1 percent year-to-date gain. Most key S&P sectors ended in negative territory for the week, led by financials. Materials were the only advancers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 23.2. Read More

The S&P 500 logged its best weekly performance since December 2011!

December 2nd 2018

Market Review

U.S. stocks finished the week with solid gains, with the S&P 500 and the Nasdaq notching their best week in nearly seven years. The Dow Jones Industrial Average jumped 5.2 percent over the week to close at 25,538.46. The blue-chip index posted its strongest week since November 2016. The S&P 500 gained 4.9 percent for the week to finish at 2,760.17. The Nasdaq ended at 7,330.54 and rocketed 4.9 percent over the past five days. Both the S&P 500 and the Nasdaq logged their best weekly performance since December 2011. The S&P 500 closed November with a 1.8 percent gain, while the Dow Jones Industrial Average rose 1.7 percent. The Nasdaq, meanwhile, eked out a 0.3 percent gain. All key S&P sectors ended in positive territory for the week, led by health care. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 18.1. Read More

Retest of the previous low in place! Year-end rally still possible!

November 25th 2018

Market Review

U.S. stocks finished the holiday-shortened week with deep losses. The Dow Jones Industrial Average slumped 4.4 percent over the week to 24,285.95. The S&P 500 tumbled 3.8 percent for the week to finish at 2,632.56. The Nasdaq notched a week-on-week decline of 4.3 percent for the week to end at 6,938.98. Last week’s performances for all three major indexes marked their worst Thanksgiving weeks since 2011. Among the key S&P sectors, all sectors ended lower for the week, with technology plunging the most. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, traded near 21.5. Read More

Further bottom building into deeper November!

November 18th 2018

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average dropped 2.2 percent over the week to 25,413.22. The S&P 500 lost 1.6 percent for the week to finish at 2,736.27. The Nasdaq shed 2.2 percent for the week to end at 7,247.87. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. Most key S&P sectors ended in negative territory for the week, led by discretionary. The materials sector was the only gainer. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, traded near 18.1. Read More

Further bottom confirmation! Get ready to raise exposure again!

November 11th 2018

Market Review

The U.S. stock market finished the week with solid gains. The Dow Jones Industrial Average gained 2.4 percent over the week to close at 25,270.83. The S&P 500 was also 2.4 percent higher on the week and finished at 2,723.06, the best week since May. The Nasdaq rallied 2.6 percent for the week to close at 7,356.99, its best week since August. Most key S&P sectors ended in positive territory for the week, led by materials. Utilities were the only decliners. The Chicago Board Options Exchange Volatility Index (VIX), a measure of investor uncertainty, fell to 19.51. Read More