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

Again, new all-time highs within our model portfolios!

January 28th 2018

Market Review

U.S. equities finished the week by breaking another set of records. The Dow Jones Industrial Average rose 2.1 percent for the week to a record high of 26,616.71. The S&P 500 rocketed 2.2 percent for week to a record of 2,872.87. The Nasdaq jumped 2.3 percent from last Friday close to an all-time high of 7,505.77. 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, ended near 11.1. Read More

Two new all-time highs in our model portfolios!

January 21st 2018

Market Review

U.S. stocks finished the week in positive territory, with both the S&P 500 and the Nasdaq ending at records. For the week, the Dow Jones Industrial Average gained 1.0 percent to close 26,071.72. The S&P 500 booked a weekly gain of 0.9 percent and closed at a record of 2,810.30. Both the Dow and the S&P 500 posted their third straight weekly advance, as well as their eighth positive week of the past nine. The Nasdaq advanced 1.0 percent during the week to end at a record of 7,336.38. The heavy-tech index recorded its third positive week in a row, as well as its fifth of the past six. Among the key S&P sectors, consumer staples were the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.3. Read More

The S&P 500 scored its seventh positive week of the past eight!

January 14th 2018

Market Review

The U.S. stock market finished the week with solid gains, sending the main indexes to new record highs. For the week, the Dow Jones Industrial Average gained 2.0 percent to 25,803.19. The S&P 500 booked a 1.6 percent gain over the week to end at 2,786.24. This was the second straight weekly gain for both the Dow and the S&P 500, as well as their seventh positive week of the past eight. The Nasdaq rose 1.7 percent over the past week to 7,261. Its second consecutive weekly advance. Among the key S&P sectors, industrials were the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 9.2. Read More

Strategic bullish outlook remains unchanged!

January 7th 2018

Market Review

U.S. stocks closed the first week of the year with solid gains, with the major indexes finishing at all-time highs. For the week, the Dow Jones Industrial Average rose 2.3 percent to a record of 25,289. The S&P 500 rocketed 2.6 percent in the holiday-shortened week to end at an all-time high of 2,743. The Nasdaq jumped 3.4 percent during the week to finish at a record level of 7,136. The Dow notched the biggest weekly gain since the period ended Dec. 1, 2017, the S&P 500 recorded its best weekly rise since Nov. 11, 2016, and the Nasdaq logged its best climb over the same period since Dec. 9., 2016. 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 9.2. Read More

Period of consolidation likely but no major deal-breaker visible!

December 31st 2017

Market Review

The three U.S. indexes finished the final week of the year with small losses. The Dow Jones Industrial Average slid 0.1 percent for the week to end at 24,732. The blue-chip index is 10.4 percent up for the fourth quarter and recorded a yearly gain of 25.1 percent. The S&P 500 declined 0.3 percent to 2,674 in the holiday-shortened week, after completing the fourth quarter with 6.1 percent and the year with a 19.4 percent gain. The Nasdaq lost 0.8 percent for the week to finish at 6,903. The tech-heavy gained 6.3 percent in the fourth quarter and 28.3 percent in 2017. All three indexes ended in positive territory in December, with the S&P 500 and Dow clinching their 9th straight monthly gain. That marks the longest streak for the Dow since 1959. While, the Nasdaq notched its sixth straight annual gain, its longest streak since the one between 1975 and 1980. Among the key S&P sectors, utilities was the best weekly performer, while technology dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.68. Read More

Equities rose for a fifth straight week!

December 24th 2017

Market Review

All three U.S. major averages posted modest gains for the week. The Dow Jones Industrial Average added 0.4 percent during the week to close at 24,754.06. The S&P 500 increased 0.3 percent to 2,683.34 for the week. Both the Dow and the S&P rose for a fifth straight week. The Nasdaq gained 0.3 percent over the week to 6,959.96. All three indexes are within 1 percentage point of record levels. Most key S&P sectors finished higher, led by energy, while utilities ended in the red. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, closed at 9.9. Read More

The S&P 500 booked a weekly gain for the past four consecutive weeks!

December 17th 2017

Market Review

U.S. stocks rose for the week, lifting all three major indices to new records. For the week, the Dow Jones Industrial Average added 1.3 percent, to 24,651.74. The S&P 500 advanced 0.9 percent during the week to 2,675.81. Both the S&P 500 and Dow booked a weekly gain for the past four consecutive weeks. The Nasdaq gained 1.4 percent from last week's close to end at 6,936.58. Most 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, ended near 9.4. Read More

No major deal breakers visible!

December 10th 2017

Market Review

In line with our recent call, most U.S. averages finished the week in positive territory with the Dow and S&P 500 logging record closes. The Dow Jones Industrial Average recorded a 0.4 percent weekly gain to end at a record of 24,329.16. The S&P 500 also booked also a weekly climb of 0.4 percent, closing at a record of 2,651.50. The Nasdaq finished the week nearly unchanged (minus 0.1 percent) at 6,840.08. Among the key S&P sectors, financials was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended at 9.58. Read More

The Dow scored its strongest weekly rise of 2017!

December 3rd 2017

Market Review

U.S. averages finished the week mostly with strong gains. The Dow Jones Industrial Average rocketed 2.9 percent for the week to close at 24,231.59, its strongest weekly rise of 2017. The S&P 500 finished at 2,642.22. The broad index recorded a 1.5 percent weekly gain, the biggest since September. Both the Dow and the S&P 500 have risen in 10 of the past 12 weeks. The Nasdaq in contrast, fell 0.6 percent over the week to finish at 6,847.59; the biggest weekly decline for the index since September. The tech-heavy index also suffered its biggest one-day drop in more than three months on Wednesday. Read More

Consolidation period is over! Evidences for a Santa Claus Rally visible!

November 26th 2017

Market Review

U.S. stocks ended the holiday-shortened week with gains pushing two of the main indexes to new record highs. The Dow Jones Industrial Average recorded a 0.9 percent weekly gain to end at 23,590.83. The S&P 500 also booked a weekly climb of 0.9 percent, closing at a record of 2,602.42. The Nasdaq rose 1.6 percent for the week to close at 6,889.16, also clinching an all-time high. All the main indexes posted their first weekly gain in three weeks. 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, ended at 9.67 Read More