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

Dow and S&P 500 post first 2-week losing streak since August!

November 19th 2017

Market Review

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.3 percent over the week, to end at 23,358.24. The S&P 500 dropped 0.1 percent for the week to finish at 2,578.85. Both, the S&P 500 and the Dow logged a second straight week of losses. The Nasdaq added 0.5 percent for the week to 6,782.79. Among the key S&P sectors, consumer staples was the best weekly performer, while energy dragged. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 11.43. Read More

Market looks pretty vulnerable at the moment!

November 12th 2017

Market Review

U.S. stocks finished the week on a subdued note. The Dow Jones Industrial Average lost 0.5 percent over the week to close at 23,422.21. The S&P 500 lost 0.2 percent for the week to finish at 2,582.28. The Nasdaq slid 0.2 percent for the week as well to end at 6,750.94. Both the Dow and the S&P 500 had risen for eight straight weeks, while the Nasdaq broke a six-week rally. Still, all three indexes are hovering near record levels. Among the key S&P sectors, consumer staples were the best weekly performer, while financials dragged. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed at 11.29. Read More

Consolidation mode in progress but no signs of a major deal breaker yet!

November 5th 2017

Market Review

Although the market was struggling for direction at the beginning of the week, U.S. equities finished the week by breaking another set of records on Friday. The Dow Jones Industrial Average rose 0.5 percent for the week to a record high of 23,539.19. The S&P 500 climbed 0.3 percent for week to a record of 2,587.84. The week marked the eight straight weekly gain for both the Dow and the S&P 500, the longest such streak for both since November 2013. The Nasdaq advanced 0.9 percent from last Friday close to 6,764.44, an all-time high. The heavy-tech index marked its 63rd record close of 2017 and closed out its sixth positive week in a row, matching a streak that ended in early March. Among the key S&P sectors, energy was the best weekly performer, while industrials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.1. Read More

The S&P 500 closed at an all-time high but …

October 29th 2017

Market Review

U.S. stocks ended the week with gains and new records. The Dow Jones Industrial Average gained 0.5 percent over the week to end at 23,434.19. The blue-chip index advanced for the seventh straight week and the weekly run is the longest since December. The S&P 500 closed at an all-time high of 2,581.07 on Friday. The broad index eked out a weekly gain of 0.2 percent and rose for the seventh consecutive week, its longest positive weekly streak since late 2014. The Nasdaq finished at a record of 6,701.26. It climbed 1.1 percent for the week and recorded its fifth consecutive weekly gain. Among the key S&P sectors, technology 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 9.8. Read More

Smart Money is outright bullish at the moment!

October 22nd 2017

Market Review

U.S. stocks rallied for the week, lifting the major averages to new records highs. For the week, the Dow Jones Industrial Average added 2.0 percent, to 23,328.63. The S&P 500 advanced 0.9 percent during the week to end at 2,575.21. The Nasdaq gained 0.4 percent in five trading days to 6,629.05. The Dow and the S&P 500 close out their sixth straight weekly gain, while the Nasdaq notched its fourth straight positive week. This is the longest stretch of weekly gains for the Dow since a seven-week rally that ended in December. Among the key S&P sectors, financials was the best weekly performer, while consumer staples dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 10. Read More

Further all-time highs for two of our model-portfolios!

October 15th 2017

Market Review

U.S. stocks finished the week with further gains. The Dow Jones Industrial Average added 0.4 percent for the week to end at 22,871.72. The S&P 500 advanced 0.2 percent from last Friday’s close to finish at 2,553.17. The Nasdaq climbed 0.2 percent over the week to 6,605.80. The technology-laden index booked its 57th record close in 2017. Most key S&P sectors finished higher, led by consumer staples, while health care and financials ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 9.6. Read More

No signs for a major deal-breaker visible!

October 8th 2017

Market Review

U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 1.7 percent to close at 22,773.67. The S&P 500 ended at 2,549.33 and booked a weekly gain of 1.2 percent. Both, the Dow and the S&P 500, have risen for four straight weeks. The Nasdaq logged a weekly return of 1.5 percent and finished at a record high of 6,590.18; its 55th all-time high of 2017. Nearly all key S&P sectors ended in positive territory, led by materials and financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 9.65. Read More

The S&P 500 reached a new all-time high!

October 1sth 2017

Market Review

U.S. stocks rallied for the week, lifting two major averages to new records highs. For the week, the Dow Jones Industrial Average added 0.3 percent, to 22,405.09, missing its own record by about 7 points. Over the past month, the Dow is up 2.1 percent while over the quarter it rose 4.9 percent. The S&P 500 advanced 0.7 percent to 2,519.36, closing at a record for the 39th time this year. The benchmark index gained 1.9 percent over the month and has risen for eight consecutive quarters, gaining 3.9 percent since July. The Nasdaq closed at a record for a 50th time this year, at 6,495.96. The tech-heavy index rose 1.1 percent over the week and is up 1 percent over the month, while its quarterly gain is 5.8 percent. Its fifth straight quarterly advance. Most key S&P sectors ended in positive territory for the week, led by energy. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.5. Read More

Short squeeze potential outright high!

September 24th 2017

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average rose 0.4 percent to 22,349.59. The S&P 500 gained less than 0.1 percent to end at 2,502.22. The Nasdaq lost 0.3 percent during the week to finish at 6,426.92. Among key S&P sectors, financials closed higher for the week, while utilities slumped. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.6. Read More

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

September 17th 2017

Market Review

U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 2.2 percent to close at a record of 22,268.34. The Dow also recorded its best weekly gain in 2017. The S&P 500 ended at a record of 2,500.23 and booked a weekly gain of 1.6 percent. Friday marked the first time the index broke above 2,500. The Nasdaq climbed 1.4 percent over the week to finish at 6,448.47. The heavy-tech index just closed about 12 points shy of its record hit Sept. 13. Most key S&P sectors ended in positive territory for the week, led by energy. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 10.2. Read More

Range bound market ahead as tape is supportive but not overwhelming!

September 10th 2017

Market Review

U.S. stocks closed the week with losses. The Dow Jones Industrial Average closed at 21,789 and declined 0.9 percent over the week. The S&P 500 shed 0.6 percent for the week to finish at 2,462. The Nasdaq slid 1.2 percent for the week to end at 6,357. Among the key S&P sectors, health care and energy were the best weekly performer, while financials and technology dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.1. Read More

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

September 3rd 2017

Market Review

U.S. stocks finished the week with small gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.6 percent to finish at 21,813.67. The S&P 500 finished at 2,443.05 and recorded a weekly gain of 0.7 percent. The Nasdaq posted a weekly gain of 0.8 percent to end at 6,265.64. The heavy-tech index booked its first weekly gain in five weeks. Most key S&P sectors ended in positive territory for the week, led by materials. Consumer staples were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded more than 9.5 percent lower, near 11.3. Read More

Market remains highly at risk for disappointments!

August 27th 2017

Market Review

U.S. stocks finished the week with small gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.6 percent to finish at 21,813.67. The S&P 500 finished at 2,443.05 and recorded a weekly gain of 0.7 percent. The Nasdaq posted a weekly gain of 0.8 percent to end at 6,265.64. The heavy-tech index booked its first weekly gain in five weeks. Most key S&P sectors ended in positive territory for the week, led by materials. Consumer staples were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded more than 9.5 percent lower, near 11.3. Read More

More major pain ahead soon!

August 20th 2017

Market Review

U.S. stocks finished another week with losses. The Dow Jones Industrial Average lost 0.8 percent over the week to 21,674.51. The S&P 500 booked a weekly loss of 0.7 percent to close at 2,425.55. Both the Dow and the S&P 500 finished Friday for a second week of losses, with the Dow suffering its largest two-week percentage decline since mid-September 2016. The Nasdaq declined 0.6 percent for the week to end at 6,216.53. Friday marked the fourth week of losses for the Nasdaq, its longest weekly losing streak since May 2016. Most key S&P sectors ended in negative territory for the week, led once again by energy. Utilities, consumer staples and materials were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.3. Read More

Total collapse of market breadth! Summer price top in place!?

August 13th 2017

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 1.1 percent over the week to 21,861. The S&P 500 recorded a weekly loss of 1.4 percent to finish at 2,441. The Nasdaq lost 1.5 percent for the week to end at 6,257. Most key S&P sectors ended in negative territory for the week, led by energy. Consumer staples were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.7. Read More

Slow growth period has its designated impact on short-term optimism!

August 6th 2017

Market Review

Once again, U.S. stocks finished the week with a mixed performance, with still one index notching a record high. The Dow Jones Industrial Average added 1.2 percent during the week to end at an all-time high of 22,090. The blue-chip index has now posted 34 record closes thus, far this year. The S&P 500 recorded a weekly gain of 0.2 percent to finish at 2,476. The Nasdaq Composite declined 0.4 percent during the week to 6,351. Among the key S&P sectors, financials 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 10. Read More

Tape remains strong but sentiment is getting increasingly a burden!

July 30th 2017

Market Review

U.S. stocks finished another week with a mixed performance, with one index notching a record high. The Dow Jones Industrial Average gained 1.2 percent in five trading days to end at a new record of 21,830.31. The S&P 500 declined less than 0.1 percent for the week to finish at 2,472.10. The Nasdaq Composite dropped 0.2 percent during the week to 6,374.68. Among the key S&P sectors, energy 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 10.3. Read More

The market is moving right in line with our outlook!

July 23rd 2017

Market Review

U.S. stocks finished the week with a mixed performance, but still all three major indexes notched record highs last week. The Dow Jones Industrial Average lost 0.3 percent in five trading days to end at 21,580.07. The blue-chip index snapped a two-week win streak. The S&P 500 logged a 0.5 percent gain for the week to finish at 2,472.54; for a third week of gains. The Nasdaq Composite added 1.2 percent to 6,387.75 for the five days and logged its third week of gains. Among the key S&P sectors, utilities was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 9.4. Read More

Consolidation close to end – More evidences for our summer rally scenario!

July 16th 2017

Market Review

U.S. stocks rallied for the week, pushing the Dow and the S&P 500 to new record highs. The Dow Jones Industrial Average rose 1.0 percent for the week to a record of 21,637.74. The S&P 500 climbed 1.4 percent for week to a record of 2,459.27. The Nasdaq rocketed 2.4 percent from last Friday close to 6,312.47. The heavy-tech index booked its sixth-straight positive close and finished just shy of its closing record of 6,321.76 set on June 8. All key S&P sectors, except financials 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 9.5. Read More

Expect to see a period of weakness into July!

July 9th 2017

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.3 percent for the week to end at 21,414.34. The S&P 500 advanced 0.1 percent from last Friday’s close to finish at 2,425.18. The Nasdaq eked out 0.2 percent over the week to 6,153.08. Among the key S&P sectors, the financial 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 11. Read More

No need to get nervous yet as bullish set up remains unchanged!

July 2nd 2017

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 0.2 percent over the week to 21,349.63. The S&P 500 recorded a weekly drop of 0.6 percent to finish at 2,423.41. The Nasdaq lost 2.0 percent for the week to end at 6,140.42. Among the key S&P sectors, the financial sector 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 11.1. Read More

Further rocky sessions ahead but set-up remains bullish!

June 25th 2017

Market Review

U.S. stocks finished the week in positive territory. The Dow Jones Industrial Average closed at 21,396.33 and ended the week roughly where it started after paring gains from earlier in the week. The S&P 500 added 0.2 percent over the five days to close at 2,438.31. The Nasdaq logged a weekly gain of 1.8 percent to finish at 6,265.25. 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, traded near 10. Read More

Sentiment driven consolidation period will be limited in price and time!

June 18th 2017

Market Review

The U.S. stocks finished another week with mixed results. For the week, the Dow Jones Industrial Average added 0.5 percent, to a new record of 21,384.28. The blue-chip average recorded its fourth week of consecutive gains. The S&P 500 eked out a 0.1 percent weekly gain to finish at 2,433.15. The Nasdaq closed at 6,151.76, to end the week 0.9 percent lower. Among the key S&P sectors, the utilities sector 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 10.4. Read More

Tape improvements are indicating that the party will continue!

June 11th 2017

Market Review

The three major U.S. averages finished the week with mixed results. The Dow Jones Industrial Average eked out a small weekly gain of 0.3 percent to finish at a record of 21,271.97. The S&P 500 fell 0.3 percent for the week to finish at 2,431.77. The Nasdaq dropped 1.6 percent for the week to 6,207.92. The sudden tech retreat on Friday pushed the Nasdaq into negative territory for the week. Among the key S&P sectors, energy 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 10.6. Read More

More confirmation for our summer rally scenario!

June 4th 2017

Market Review

U.S. stocks rallied for the week, lifting all three major indices to new records. For the week, the Dow Jones Industrial Average added 0.6 percent, to 21,206.29. The S&P 500 advanced 1.0 percent during the week to 2,440.23. The Nasdaq gained 1.5 percent from last week's close to end at 6,305.80. Most key S&P sectors ended in positive territory for the week, led by health care. Energy and financials were the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.8. Read More

Summer rally ahead? Indicator framework remains supportive!

May 28th 2017

Market Review

U.S. stocks closed out the week with stronger gains and at new record highs. For the week, the Dow Jones Industrial Average added 1.3 percent to end at 21,080.28. The S&P 500 gained 1.4 percent to close at a record 2,415.82. The Nasdaq jumped 2.1 percent for the week to end at a record 6,210.19. Most key S&P sectors ended in positive territory for the week, led by utilities. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 9.8. Read More

U.S. stocks posted their biggest pullback of the year!

May 21th 2017

Market Review

It was a turbulent week on Wall Street as U.S. stocks started out the week with small gains but fell by nearly 2 percent on Wednesday, posting the largest decline since September 2016. U.S. stocks stabilized on Thursday and rallied on Friday. In the end, U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average lost 0.4 percent for the week to 20,804.84. The S&P 500 declined 0.4 percent during the week as well to finish at 2,381.73. Both the Dow and the S&P 500 turned in a second week of losses. The Nasdaq booked a weekly loss of 0.6 percent to 6,083.70. Among the key S&P sectors, consumer staples was the best performer on the week, while financials was the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell back towards 12 after jumping almost 50% on Wednesday. Read More

Short-term pullback into deeper May! Time to take profits!

May 14th 2017

Market Review

Last week U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.5 percent in five trading days to end at 20,896.61. The S&P 500 declined 0.4 percent over the week to finish at 2,390.90. Both the Dow and the S&P 500 record their first weekly retreat in nearly a month. The Nasdaq Composite added 0.3 percent during the week to 6,121.23. The hevy-tech index booked its fourth straight weekly 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 10. Read More

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

May 7th 2017

Market Review

U.S. stocks closed the week with gains, lifting the S&P 500 and the Nasdaq to record closes. For the week the Dow Jones Industrial Average climbed 0.3 percent to end at 21,006.94. The S&P 500 recorded a weekly 0.6 percent gain to close at a record high of 2,399.29. The Nasdaq advanced 0.9 percent from last Friday's close to finish at a record of 6,100.76. Most key S&P sectors ended in positive territory for the week, led by financials. Energy were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.7. Read More

Consolidation period close to end! Expect to see further gains into summer!

April 30th 2017

Market Review

U.S. stocks finished the week in positive territory. The Dow Jones Industrial Average gained 1.9 percent for the week to close at 20,940.51. The blue-chip gauge rose 1.3 percent for the month. The S&P 500 booked a weekly gain of 1.5 percent and closed at 2,384.20. The broad-index added 0.9 percent in April. The Nasdaq advanced 2.3 percent during the week to end at 6,047.61. The heavy-tech index gained 2.3 percent over the month. 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, traded near 10.7. Read More

Stuck in the middle but at least tilt is getting slightly bullish again!

April 23rd 2017

Market Review

U.S. stocks finished the week with gains. For the week the Dow Jones Industrial Average eked out a gain of 0.5 percent to finish at 20,547.76. The S&P 500 finished at 2,348.69 and recorded a weekly gain of 0.9 percent as well. The Nasdaq jumped 1.8 percent during the week to end at 5,910.52. Among the key S&P sectors, industrials 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 14.7. Read More

Make or break set-up is forming! Time to place a stop-loss limit!

April 16th 2017

Market Review

U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 1.0 percent to 20,453.25. The S&P 500 finished at 2,328.95 and posted a weekly drop of 1.1 percent. The Nasdaq declined 1.2 percent from the week-ago close to 5,805.15. Most key S&P sectors finished in the red 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

Epic tug-of-war between bulls and bears!

April 9th 2017

Market Review

U.S. stocks closed the week with modest losses. The Dow Jones Industrial Average closed at 20,656.10 and declined less than 0.1 percent over the week. The S&P 500 shed 0.3 percent for the week to finish at 2,355.54. The Nasdaq slid 0.6 percent for the week to end at 5,877.81. Among the key S&P sectors, energy was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.75. Read More

Tape recovery indicates that correction risk has diminished (at least for now)!

April 2nd 2017

Market Review

U.S. stocks ended the week with gains. The Dow Jones Industrial Average eked out a small gain of 0.3 percent over the week to end at 20,663.22. The blue-chip index is 0.7 percent lower for the month, while notching a 4.6 percent gain for the quarter. The S&P 500 recorded a 0.8 percent gain over the week and closed at 2,362.72. The broad index is down less than 0.1 percent for the month and up 5.5 percent for the quarter. The Nasdaq climbed 1.4 percent for the week to 5,911.74. It rose 1.5 percent for the month, and nearly 10 percent for the quarter. 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 12.3. Read More

Stay cautious! Further evidences for an important market top!

March 26th 2017

Market Review

As expected in our last comment, U.S. averages finished the week with losses. For the week, the Dow Jones Industrial Average dropped 1.5 percent to finish at 20,596.72. The blue-chip index recorded its steepest decline since September. The S&P 500 plunged 1.4 percent for the week to close at 2,343.98, its biggest decline since November. The Financials sector suffered a 3.8 percent loss over the week, its largest decline since January 2016. The Nasdaq shed 1.2 percent during the week to end at 5,838.74, its largest since December. Most key S&P sectors ended in negative territory for the week, led by financials. Utilities were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read More

Stuck in the middle for now but correction risk remains in-force!

March 19th 2017

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average gained 0.1 percent to close at 20,914.62. The Dow recorded its fifth positive week in six. The S&P 500 rose 0.2 percent to end at 2,378.25. The Nasdaq advanced 0.7 percent for the week to end at 5,901.00. Both the S&P 500 and the Nasdaq booked their seventh positive week in eight. Among the key S&P sectors, utilities were the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.3. Read More

Watch out! Correction risk is increasing at a fast pace!

March 12th 2017

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 0.5 percent over the week to 20,902.98, snapping a streak of four straight weekly gains. The S&P 500 dropped 0.4 percent to finish at 2,372.60. The Nasdaq slipped 0.2 percent for the week to end at 5,861.73. Both indexes snapped a run of six weeks of consecutive gains. Among the key S&P sectors, technology was the best performer on the week and energy the greatest decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.7. Read More

The pace is likely to slow down a bit but bullish status remains unchanged!

March 5th 2017

Market Review

Last week all three major U.S. indexes finished another week with gains. The Dow Jones Industrial Average gained 0.9 percent from the prior Friday's close to end at 21,005.71. The blue-chip index recorded a fourth consecutive weekly gain. The S&P 500 added 0.7 percent for the week to close at 2,383.12; its sixth consecutive weekly advance. The Nasdaq climbed 0.4 percent in five days to 5,870.75. All three main indexes were up between 6 percent and 9 percent year to date. Nearly all S&P sectors ended higher, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.9. Read More

Market reached a new all-time high but period of consolidation likely!

February 26th 2017

Market Review

U.S. stocks finished another week of gains with the Dow and the S&P 500 at record highs. The Dow Jones Industrial Average gained 1.0 percent over the week to close at 20,821.76. Its third week of gains. The S&P 500 increased 0.7 percent for the week to finish at 2,367.34. Its fifth straight week of gains. The Nasdaq eked out a small gain of 0.1 percent to finish at 5,845.31. Its fifth straight week of gains. Among the key S&P sectors, utilities 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 11.4. Read More

Not surprisingly, new record highs as bull-run continues!

February 19th 2017

Market Review

U.S. stocks finished another week of gains with the major averages at record highs. For the week, the Dow Jones Industrial Average gained 1.8 percent to end at 20,624.05. The S&P 500 recorded a weekly climb of 1.5 percent over the five days to 2,351.16. The Nasdaq rose 1.8 percent from last Friday’s close to end at 5,838.58. Most key S&P sectors ended in positive territory for the week, led by financials. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.5. Read More

Market is moving right in line with our recent outlook!

February 12th 2017

Market Review

U.S. stocks finished the week with gains with all three major averages hitting new records. The Dow Jones Industrial Average gained 1.0 percent for the week to close at 20,269.37. The S&P 500 booked a weekly gain of 0.8 percent and closed at 2,316.10. The Nasdaq advanced 1.2 percent to end at 5,734.13. Most 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 10.82. Read More

Short-term oriented consolidation ahead but tape remains constructive!

February 5th 2017

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.1 percent to close at 20,071.46. The S&P 500 recorded a weekly gain of 0.1 percent to end at 2,297.42. The Nasdaq rose also 0.1 percent for the week to end at 5,666.77. Among the key S&P sectors, health care 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 10.81. Read More

Expect to see further gains into Q1 (as our outlook remains bullish)!

January 29th 2017

Market Review

U.S. stocks finished the week in positive territory, with the Dow and S&P 500 posting their first positive week of the past three. After exceeding the 20,000 level for the first time on Thursday, the Dow Jones Industrial Average gained 1.3 percent for the week to close at 20,093.78. The S&P 500 booked a weekly gain of 1.0 percent and closed at 2,294.69. The Nasdaq advanced 1.9 percent during the week to end at 5,660.78. Among key S&P sectors, financials and materials led the gainers, while energy and utilities were the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.5. Read More

Risk for a moderate pullback is increasing but outlook remains bullish!

January 22nd 2017

Market Review

U.S. stocks closed the week slightly lower with the Dow & S&P 500 logging their second straight weekly decline. For the week, the Dow Jones Industrial Average slid 0.3 percent to 19,827.25. The S&P 500 finished at 2,271.31 and posted a weekly drop of 0.2 percent. Nasdaq declined 0.3 percent from the week-ago close to 5,555.33. Among the key S&P sectors, consumer staples 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 11.5. Read More

Do not get nervous! Consolidation period will be limited in price and time!

January 15th 2017

Market Review

The three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.4 percent during the week to finish at 19,885.73. The S&P 500 declined 0.1 percent from the week ago close to end at 2,274.64. The Nasdaq gained 1.0 percent over the week and ended at 2,274.64. The heavy-tech index set a new record high. Among key S&P sectors, technology and materials led the gainers, while energy and consumer staples were the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.3. Read More

No signs for a major market top yet!

January 8th 2017

Market Review

All three U.S. indexes finished the first week of the year with solid gains. For the week, the Dow Jones Industrial Average rose 1.0 percent to 19,963.80. The blue-chip index set an intraday high of 19,999.63. The S&P 500 increased 1.7 percent in the holiday-shortened week to end at an all-time high of 2,276.98. The Nasdaq rocketed 2.6 percent during the week to finish at an record level of 5,521.06. All key S&P sectors finished 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, traded near 11.3. Read More