The Dow had its worst week since January! More to come (soon)!

July 26. 2015

Market Review

U.S. stocks finished the week with deep losses. The Dow Jones Industrial Average slumped 2.9 percent over the week to 17,568.53. The S&P 500 dropped 2.2 percent for the week to finish at 2,079.65. The weekly decline for the benchmark was the steepest since March. The Nasdaq lost 2.3 percent for the week to end at 5,088.63. Among the key S&P sectors, all sectors ended lower for the week, with materials plunging nearly 5.5 percent as the worst performer for the 5-day period. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, traded near 14. Read more

Don’t get nervous ? Market remains in a bounce mode!

July 19. 2015

Market Review

U.S. stocks ended the week with gains. The Dow Jones Industrial Average booked a 1.8 percent weekly gain to end at 18,086.45. The S&P 500 recorded a 2.4 percent gain over the week and closed at 2,126.64. It’s first weekly gain after three weeks of declines. The Nasdaq rocketed 4.3 percent for the week to close at 5,210.14. Nearly 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, held just above 12. Read more

Watch out! Market is extremely vulnerable at the moment!

July 12. 2015

Market Review

Trading was full of ups and downs last week. The Dow opened the week on Monday at 17,728.08, fell by over 200 points on Wednesday, and recovered on Friday to close the week up 41.33 points to 17,760.41. The Nasdaq and S&P 500 indices followed a similar trend, although neither market could match the Dow’s gains. The Nasdaq opened the week at 5,024.30 and closed it at 4,997.70, with a big plunge on Wednesday and steady recovery during the later part of the week. The S&P 500 opened at 2,073.94 and closed at 2,076.62 on Friday, for a gain of 2.68 points. In end the, the Dow Jones Industrial Average eked out a weekly gain of 0.2 percent, the S&P 500 ended virtually flat, whereas the Nasdaq declined 0.2 percent last week. Among the key S&P sectors, consumer staples were the best weekly performer, while materials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell below 17. Read more

Final confirmation for our summer top scenario!

July 05. 2015

Market Review

In line with our recent call, U.S. stocks ended a volatile holiday-shortened week with losses. The Dow Jones Industrial Average fell 1.2 percent over the week to 17,730.11. The S&P 500 recorded a weekly loss of 1.2 percent as well and closed at 2,076.27. The Nasdaq booked a 1.4 percent loss over the week and finished at 5,009.21. Among the key S&P sectors, utilities was the only sector to post gains for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher near 17. Read more