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

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