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Market will punch its way higher (soon)!

March 29. 2015

Market Review

U.S. stocks closed steadily lower this week, dropping big on Tuesday and Wednesday while never fully recovering. For the week, the Dow Jones Industrial Average dropped 2.3 percent to 17,712.66, whereas the S&P 500 dropped 2.2 percent to 2,061.02. Both the Dow and the S&P 500 suffered their worst week since Jan 30. The Nasdaq declined 2.7 percent from last Friday’s close, ending at 4,891.22. The heavy-tech index had its worst since week since October. All key S&P sectors finished in the red for the week, dragged by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15. Read more

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Market still remains vulnerable! Make or break set-up is forming!

March 22. 2015

Market Review

U.S. stocks closed out the week with strong gains. For the week, the Dow Jones Industrial Average soared 2.1 percent to end at 18,127.65. The S&P 500 rocketed 2.7 percent from last Friday’s close to finish at 2,108.06. The Nasdaq gained 3.2 percent during the week to end at 5,026.42. The tech-index had its best weekly gain since the week ending October 31 as the index approached its 15-year record closing high of 5,048.62. Most key S&P sectors finished higher, led by health care and utilities, while materials ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read more

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Consolidation could turn out to be corrective! Time to place a stop-loss limit!

March 15. 2015

Market Review

Stocks ended lower after a quite volatile week of trading. In the end, the Dow Jones Industrial Average lost 0.6 percent during the week to close at 17,749.31. The S&P 500 slipped 0.9 percent to 2,053.40 in the week. The Nasdaq lost 1.1 percent over the week to end at 4,871.76. Most 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 16. Read more

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Short-term weaknesses, long-term strength!

March 08. 2015

Market Review

U.S. stocks recorded a second straight week of losses. The Dow Jones Industrial Average fell 1.5 percent in five trading days to end at 18,056.78. The S&P 500 recorded a 1.6 percent loss over the week and closed at 2,071.26. The broad index suffered its steepest decline in two months. The Nasdaq dropped 0.7 percent for the week to 4,927.47. All key S&P sectors ended in negative territory for the week led by utilities. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15. Read more

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Healthy breather possible!

March 01. 2015

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average lost less than 0.1 percent to close at 18,132.7, whereas the S&P 500 decreased 0.3 percent to end at 2,104.51. The tech-heavy Nasdaq rose 0.2 percent for the week to end at 4,963.53. Most 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 below 14. Read more