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

Smells like bottom building, but bullish impulses are missing as well!

November 4th 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

The S&P 500 plummeted 3.9 percent for the week!

October 28th 2018

Market Review

U.S. stocks finished another week with deep losses. The Dow Jones Industrial Average slumped 3.0 percent over the week to 24,688.31. The S&P 500 plummeted 3.9 percent for the week to finish at 2,658.69. The Nasdaq booked a weekly loss of 3.8 percent and ended at 7,167.21. In October the S&P 500 has lost 8.8 percent, the Dow Jones Industrial Average is down 6.7 percent, and the Nasdaq has shed 11 percent. Friday’s downdraft also pulled the S&P 500 and the blue-chip index into the red for 2018. The Nasdaq is still up 3.8 percent year-to-date. All key S&P sectors ended in red for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 24.2. Read More

No signs for a sustainable bottom yet!

October 21th 2018

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average gained 0.4 percent to close at 25,444.34; its first weekly gain in four. The S&P 500 finished the week nearly unchanged at 2,767.78. The Nasdaq dropped 0.6 percent for the week to end at 7,449.03. The Dow Jones Industrial Average and S&P 500 have fallen more than 3 percent each in October, while the Nasdaq is down more than 7 percent. Among the key S&P sectors, consumer staples was the top performer and energy the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 19.9. Read More

Correction fully in force! The S&P 500 suffered worst week since March!

October 14th 2018

Market Review

U.S. stocks finished the week in negative territory, leaving the major benchmarks with the steepest weekly slump since March. The Dow Jones Industrial Average slumped 4.2 percent over the week to 25,339.99. The Dow Jones Industrial Average booked its third straight weekly loss. The S&P 500 dropped 4.1 percent for the week to finish at 2,767.13. The S&P 500 also logged in a three-week losing streak, its longest since June 2016. The Nasdaq slipped 3.7 percent for the week to end at 7,496.89. All key S&P sectors finished in the red for the week, dragged by materials. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, jumped 50 percent to 21.31. Read More

Correction risk is increasing on a fast pace! Further selling pressure ahead!

October 7th 2018

Market Review

The weak tape structure had its designated impact as U.S. stocks finished the week with losses. The Dow Jones Industrial Average fell 0.4 percent in five trading days to end at 26,447.05. The S&P 500 recorded a 1.0 percent loss over the week and closed at 2,885.57. The Nasdaq slumped 3.2 percent for the week to 7,788.45. The technology-laden index recorded its worst week since March. Among the key S&P sectors, energy was the best weekly performer, while technology dragged. The Chicago Board Options Exchange Volatility Index (VIX), the gauge of S&P 500 options known as the VIX, traded near 14.08. Read More

Further market top-confirmation! Stay alert!

September 30th 2018

Market Review

U.S. averages closed the week mostly with a negative performance. The Dow Jones Industrial Average dropped 1.1 percent from the week-ago close to 26,458.31. The S&P 500 recorded a 0.5 percent loss over the week and finished at 2,913.98. The Nasdaq Composite booked a weekly gain of 0.7 percent to end at 8,046.35. On the month, the Dow Jones Industrial Average gained 1.9 percent, while the S&P 500 posted a monthly gain of 0.4 percent, while the Nasdaq edged down 0.8 percent. Over the quarter, the S&P 500 has risen more than 7 percent, which would be its biggest quarterly advance since the fourth quarter of 2013. The Dow Jones Industrial Average is up about 9 percent; both the Dow Jones Industrial Average and the S S&P 500 P have risen in 11 of the past 12 quarters. The Nasdaq is up more than 7 percent over the quarter, and it is set for its ninth straight quarterly gain. Among the key S&P sectors, technology was the best weekly performer, while materials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.1. Read More

Large cap driven rally increases negative divergences!

September 23rd 2018

Market Review

U.S. stocks finished the week with a mixed performance, but still with two benchmarks hitting record highs. The Dow Jones Industrial Average rose 2.2 percent in five trading days to end at 26,743.50; the blue chip index booked its biggest weekly percentage gain since July. The S&P 500 gained just 0.9 percent over the week to finish at 2,929.67. Both indexes hit fresh all-time highs earlier on the day. The Nasdaq Composite declined 0.3 percent during the week to 7,986.96. Most key S&P sectors ended in positive territory for the week, led by materials. Utilities and technology were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.7. Read More

Stay cautious! Market is highly at risk for stronger disappointments!

September 16th 2018

Market Review

All three major U.S. averages finished the week with solid gains. The Dow Jones Industrial Average rose 0.9 percent to close the week at 26,154.67, its fourth positive week of the past five. The S&P 500 increased 1.2 percent for the week to end at 2,904.98, its ninth positive week of the past 11. The Nasdaq gained 1.4 percent from the week ago close to finish at 8,010.04, its third positive week of the past four. At current levels, the S&P 500 is 0.4 percent below its record close set in late August, while both the Dow Jones Industrial Average and the Nasdaq are within 2 percent of their all-time highs. Most key S&P sectors ended in positive territory for the week, led by financials. Financials were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.1. Read More

Stronger cyclical headwinds possible! Time to place a stop-loss!

September 9th 2018

Market Review

U.S. stocks finished the holiday-shortened week with losses. The Dow Jones Industrial Average lost 0.2 percent over the week to 25,916.54. The blue-chip index snapped a three-week winning streak. S&P 500 declined 1.0 percent for the week to finish at 2,871.68. The Nasdaq slumped 2.7 percent for the week to end at 7,902.54. The technology-laden index posted its fourth straight loss — its first since April — and is worst start to September since 2008. Among the key S&P sectors, utilities and consumer staples were the best weekly performer, while materials and technology dragged. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, jumped to 14.88. Read More

Further broad based trend confirmation!

September 2nd 2018

Market Review

In line with our latest call, U.S. stocks rallied for the week. The Dow Jones Industrial Average added 0.7 percent from last Friday's close to 25,964.82. Over the past month, the Dow is up 2.2. The S&P 500 rallied 0.9 percent during the week to 2,901.52. The benchmark index gained 3.0 percent over the month. The Nasdaq closed at 8,109.54. The tech-heavy index rose 2.1 percent over the week and is up 5.7 percent over the month, its best August return since 2000. Both the Dow Jones Industrial Average and the S&P 500 notched their third straight weekly advances, while the Nasdaq booked its second straight positive week. Most key S&P sectors ended in positive territory for the week, led by technology. Consumer staples led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 12.9. Read More

Stronger tape recovery and a new all-time high in our Model Portfolio!

August 26th 2018

Market Review

U.S. stocks ended the week in positive territory, with the S&P 500 and the Nasdaq posting new record highs. The Dow Jones Industrial Average added 0.5 percent over the week to end at 25,790.35. The S&P 500 recorded a weekly 0.9 percent gain to close at a record high of 2,874.69, its first record since January. The Nasdaq advanced 1.7 percent from last Friday's close to finish at a record of 7,945.98. Among the key S&P sectors, energy was the greatest gainer for the week, while utilities and consumer staples were the only negative sector for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 12. Read More

Slow growth period is slightly running out of fuel!

August 19th 2018

Market Review

U.S. stocks closed the week with a mixed performance. For the week, the Dow Jones Industrial Average gained 1.4 percent to 25,669.32, its highest close since February. The S&P 500 gained 0.6 percent to end at 2,850.13. The Nasdaq, in contrast, lost 0.3 percent during the week to finish at 7,816.33. Most key S&P sectors finished higher, led by consumer staples and utilities, while energy ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 12.6. Read More

Market entered a consolidation period!

August 12th 2018

Market Review

U.S. averages finished the week with a mixed performance. For the week, the Dow Jones Industrial Average fell 0.6 percent to close at 25,313.07. The S&P 500 posted a weekly loss of 0.3 percent closed at 2,833.28. The Nasdaq managed to end the week with a 0.4 percent gain at 7,839.11. Most key S&P sectors ended in negative territory for the week, led by consumer staples. The CBOE Volatility Index (VIX), the gauge of S&P 500 options known as the VIX, ended near 13.2. Read More

No major deal-breaker visible at the moment!

August 5th 2018

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average rose just 0.04 percent this week and finished at 25,462.58. The S&P 500 ended at 2,840.35 and booked a weekly gain of 0.8 percent, whereas most of the gains were made on Thursday. The S&P 500 and Dow also posted their fifth straight weekly gain. The Nasdaq gained 1.0 percent over the week to finish at 7,812.01. Most key S&P sectors finished higher, led by health care and consumer staples. Energy was the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 11.6. Read More

Market appears ready for a breather!

July 29th 2018

Market Review

U.S. stocks finished the week mostly with a positive performance. For the week, the Dow Jones Industrial Average added 1.6 percent to 25,451.06. The S&P 500 gained 0.6 percent to end at 2,818.82. Both the Dow and the S&P 500 posted their fourth straight weekly gains, the longest such streak since January. The Nasdaq in contrast lost 1.1 percent during the week to finish at 7,737.42. Most key S&P sectors finished higher, led by energy and industrials, while technology ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 13.0. Read More

Technical environment remains supportive!

July 22nd 2018

Market Review

U.S. stocks finished the week nearly unchanged. The Dow Jones Industrial Average eked out a 0.2 percent weekly gain to close at 25,058.12. The S&P 500 was flat over the week and finished at 2,801.83. The Nasdaq also ended the week nearly unchanged at 7,820.20. Among the key S&P sectors, financials and industrials were the top gainers and energy the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 12.9. Read More

Strong confirmation within mid-term oriented market breadth!

July 15th 2018

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average booked a 2.3 percent weekly gain to end at 25,019.41. The S&P 500 recorded a weekly climb of 1.5 percent and closed at 2,801.31. The Nasdaq increased 1.8 percent for the week to close at 7,825.98 and to mark a fresh all-time high. Nearly all key S&P sectors ended in positive territory for the week led by industrials. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 12.2. Read More

Bounce in place!

July 8th 2018

Market Review

U.S. stocks finished the week with gains. For the week, the Dow Jones Industrial Average returned 0.8 percent to close at 24,456.48. The S&P 500 ended at 2,759.82 and booked a weekly gain of 1.5 percent. The Nasdaq gained 2.4 percent over the week to finish at 7,688.39. Among the key S&P 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, held near 13.4. Read More

Consolidation got a bearish/corrective tilt! Time to place a stop-loss limit!

July 1st 2018

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average dropped 1.2 percent from the week-ago close to 24,271.41. The S&P 500 recorded a 1.3 percent loss over the week and finished at 2,718.37. The Nasdaq Composite booked a weekly fall of 2.4 percent to end at 7,510.30. For the month, the Dow Jones Industrial Average slipped 0.6 percent while the S&P 500 rose 0.5 percent and the Nasdaq gained 0.9 percent. For the second quarter, all three ended in the green, with the Dow Jones Industrial Average up 0.7 percent, the S&P 500 up 2.9 percent, and the Nasdaq climbing 6.3 percent. For the first half of the year, the Dow Jones Industrial Average is down 1.8 percent and the S&P 500 is up 1.7 percent. The Nasdaq is up 8.8 percent. Most key S&P sectors ended in negative territory for the week, led by technology. Utilities and energy 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

Consolidation period has its designated impact on short-term optimism!

June 24th 2018

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 2.0 percent over the week to 24,580.89, marking its largest weekly decline since March 23. The S&P 500 dropped 0.9 percent to finish at 2,754.88. The Nasdaq slipped 0.3 percent for the week to end at 7,692.82. Among the key S&P sectors, utilities was the best performer on the week and industrials the greatest decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.8. Read More

Technical picture of the market remains supportive!

June 17th 2018

Market Review

U.S. averages finished the week with a mixed performance. For the week, the Dow Jones Industrial Average fell 0.9 percent to close at 25,090.48. The S&P 500 finished the week nearly unchanged (plus 0.01 percent) at 2,779.42. The Nasdaq rose 1.3 percent for the week to end at 7,746.38. Both averages posted their fourth straight weekly gain. Among the key S&P sectors, the utilities sector was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), the gauge of S&P 500 options known as the VIX, ended near 12. Read More

Current trend remains broad based in its nature!

June 10th 2018

Market Review

As highlighted in our latest call, U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average advanced 2.8 percent to close at 25,316.53. It was the Dow's biggest weekly gain since March. The S&P 500 ended at 2,779.03 and booked a weekly gain of 1.6 percent. The Nasdaq gained 1.2 percent over the week to finish at 7,645.51. Both averages posted their third straight weekly gain. Among the key S&P sectors, utilities was the only negative sector for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 12.1. Read More

No major deal-breaker visible as consolidation still looks quite healthy!

June 3rd 2018

Market Review

U.S. averages finished the week mostly with a positive performance. The Dow Jones Industrial Average lost 0.5 percent over the week, to end at 24,635.21. The S&P 500 gained 0.5 percent for the week to finish at 2,734.62. The Nasdaq closed at 7,554.33, ending the week 1.6 percent higher. Among the key S&P sectors, energy was the best weekly performer, while financials dragged. The CBOE Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 13.5. Read More

Period of consolidation possible!

May 27th 2018

Market Review

U.S. stocks finished the week in positive territory. The Dow Jones Industrial Average gained 0.2 percent for the week to close at 24,753.09. The S&P 500 booked a weekly gain of 0.3 percent and closed at 2,721.33. The Nasdaq ended the week 1.1 percent higher and closed at 7,433.85. 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 13.2. Read More

Positive divergences are increasing all across the board!

May 20th 2018

Market Review

All three major U.S. averages finished the week with losses. The Dow Jones Industrial Average closed nearly at 24,715.09, leaving it with a 0.5 percent weekly loss. The S&P 500 lost 0.5 percent for the week as well to finish at 2,712.98. The Nasdaq slid 0.7 percent for the week to end at 7,354.34. Among the key S&P sectors, energy was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.4. Read More

Correction risk has diminished fairly – Time to get back into the market?

May 13th 2018

Market Review

U.S. stocks ended the week with gains. The Dow Jones Industrial Average booked a 2.3 percent weekly gain to end at 24,831.17. The S&P 500 recorded a weekly climb of 2.4 percent and closed at 2,727.72. The Nasdaq increased 2.7 percent for the week to close at 7,402.88. Nearly all key S&P sectors ended in positive territory for the week led by energy. Utilities and consumer staples were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held just above 12.7. Read More

More price top confirmation as market breadth deteriorated all across the board!

May 6th 2018

Market Review

It was a volatile week on Wall Street as U.S. stocks started out the week with small gains, fell by over 1 percent until Thursday but rallied on Friday. In the end, U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.2 percent in five trading days to end at 24,262.51. The S&P 500 declined 0.3 percent over the week to finish at 2,663.42. The Nasdaq Composite added 1.2 percent during the week to 7,209.62. Among the key S&P sectors, technology was the best weekly performer, while health care dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.8. Read More

Price top is forming! Sell in May and go away!

April 29th 2018

Market Review

U.S. stocks finished the week with small losses. The Dow Jones Industrial Average dropped 0.6 percent over the week to 24,311.19. The S&P 500 booked a very small weekly loss of 0.01 percent to finish at 2.669,91. The Nasdaq shed 0.4 percent for the week to end at 7,119.80. All three benchmarks posted their first weekly decline of the past three. Of the S&P sectors, utilities led advancers, while industrials led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.4. Read More

Expect to see further bouncing into early May!

April 22nd 2018

Market Review

All three major U.S. averages finished the week with gains. For the week, the Dow Jones Industrial Average eked out a small gain of 0.4 percent to end at 24,463. The S&P 500 added 0.5 percent for the week to finish at 2,670. The Nasdaq advanced 0.6 percent from the week-ago close to 7,146. All major averages logged their second straight week of gains. Energy and industrials led gainers among the S&P’s 10 major sectors; consumer staples and technology 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 16.9. Read More

Bounce in place!

April 15th 2018

Market Review

As expected in our latest call, U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average rose 1.8 percent to 24,360.14. The S&P 500 gained 2.0 percent during the week to end at 2,643. The Nasdaq jumped 2.8 percent from the week ago close to finish at 7,106.65. Most key S&P sectors ended in positive territory for the week, led by materials. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 17.4. Read More

Short-term bounce, mid-term bust!

April 8th 2018

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average dropped 0.7 percent from the week-ago close to 23,932.76. The S&P 500 recorded a 1.4 percent loss over the week and finished at 2,604.47. The Nasdaq Composite booked a weekly fall of 2.1 percent to end at 6,915.11. All key S&P sectors finished in the red for the week, dragged by technology and industrials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.5. Read More

Beware: More confirmation for our cyclical bear market scenario!

April 1st 2018

Market Review

In line with our recent outlook, all three major U.S. averages finished the holiday-shortened week with solid gains. The Dow Jones Industrial Average added 2.7 percent to close the week at 24,143. The S&P 500 increased 2.1 percent for the week to end at 2,642. The Nasdaq gained 1.0 percent from the week ago close to finish at 7,063. For the quarter, the Dow was down 2.3 percent, the S&P 500 down 1.2 percent, the while the Nasdaq was up 2.3 percent. Of the S&P sectors, consumer staples led advancers, while technology led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20. Read More

Right in line with our recent call, the S&P 500 lost 6 percent for the week!

March 25h 2018

Market Review

U.S. stocks finished the week sharply lower, with the main benchmarks recording their biggest weekly losses in more than two years. For the week, the Dow Jones Industrial Average slumped 5.7 percent, to finish at 23,533.20. The blue-chip index recorded its lowest close of 2018 and is now down nearly 5 percent since the start of the year. The S&P 500 closed at 2,588.26 and recorded a weekly loss of 6 percent. The benchmark index is down 3.2 percent year to date. The Nasdaq fell 6.5 percent for the week to close at 6,992.67. All key S&P sectors finished in the red for the week, dragged by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 24.9. Read More

Rally is running out of steam! Time to cut exposure again!

March 18th 2018

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 1.5 percent over the week to 24,946.51. The S&P 500 recorded a weekly drop of 1.2 percent to finish at 2,752.01. The Nasdaq lost 1.0 percent for the week to end at 7,481.99. Most key S&P sectors ended in negative territory for the week, led by materials. Utilities were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.8. Read More

Expect to see a retest of the latest bull-market high, but..

March 11th 2018

Market Review

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average gained 3.3 percent over the week to close at 25,335.74. The S&P 500 jumped 3.5 percent for the week to finish at 2,786.57. The Nasdaq ended at 7,560.81 and jumped 4.2 percent over the past five days. The tech-heavy index notched its first closing record since Jan. 26. All three benchmark indexes posted their best weekly performance in three weeks. 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 near 14.6. Read More

The S&P 500 is exactly following our projected path!

March 4th 2018

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average dropped 3.1 percent over the week to 24,538.06. The S&P 500 recorded a weekly loss of 2.0 percent to finish at 2,691.25. The Nasdaq shed 1.1 percent for the week to end at 7,257.87. All key S&P sectors finished in the red for the week, dragged by materials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 19.6. Read More

Limited pullback likely and further confirmation for our cyclical roadmap!

February 25th 2018

Market Review

U.S. stocks posted modest gains for a second straight week. The Dow Jones Industrial Average gained 0.4 percent from the prior Friday's close to end at 25,309.99. The blue-chip index has been up for two straight weeks, representing its largest two week climb, up 4.6 percent, since Nov. 18, 2016. The S&P 500 added 0.6 percent over the week to end at 2,747.30. The two straight weeks of gains for the equity index, up 2.9 percent over that period, are its most since Feb. 13, 2015. The Nasdaq advanced 1.4 percent from the week-ago close to 7,337.39 and booked its best two-week stretch, up 6.7 percent, since Oct. 31, 2014. Most key S&P sectors ended in positive territory for the week, led by technology. Consumer Staples and health care were the only decliners on the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.5. Read More

The market is moving right in line with our forecast!

February 18th 2018

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 4.3 percent over the week to close at 25,219.38. The blue-chip index recorded its biggest one-week percentage rise since November 2016. The S&P 500 also jumped 4.3 percent for the week to finish at 2,732.22. The weekly gain was the best since January 2013. The Nasdaq ended at 7,239.4 and advanced 5.3 percent over the past five days, its best weekly percentage gain since December 2011. Also at current levels, the Dow Jones Industrial Average is 5.3 percent below its all-time high, hit last month. The S&P 500 is 4.9 percent below its own record, while the Nasdaq stands 3.6 percent shy of its own. All key S&P sectors ended 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 19.5. Read More

Correction fully in force, but…

February 11th 2018

Market Review

U.S. stocks finished another week in negative territory, recording the worst weekly losses in about two years. The Dow Jones Industrial Average finished with a 5.2 percent weekly loss at 24,190.90, marking its largest weekly drop since January 2016. The S&P 500 slumped 5.2 percent for the week to 2,619.55, also marking its largest weekly drop since early January 2016. The Nasdaq Composite booked a 5.1 percent weekly loss and finished at 6,874.47, representing its worst week since early February of 2016. All key S&P sectors finished in the red for the week, led by energy. The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished near 29.1. Read More

Time to place a stop-loss limit!

February 4th 2018

Market Review

U.S. stocks finished the week in negative territory with the main benchmarks posting the steepest weekly losses in about two years. The Dow Jones Industrial Average slumped 4.1 percent over the week to 25,520.96. The S&P 500 recorded a weekly loss of 3.9 percent to finish at 2,762.13. The Nasdaq lost 3.5 percent for the week to end at 7,240.95. The weekly declines for the S&P 500 and the Dow were the largest since the week ending Jan. 8 2016, while the drop for the Nasdaq was the biggest since the week ending Feb. 5, 2016. 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, traded near 17.3. Read More