Do not get greedy! Market internals remain quite damaged!

December 27. 2015

Market Review

U.S. stocks closed slightly lower on Thursday, but a rally during the previous three sessions left the main indexes with solid gains for the holiday-shortened week. The Dow Jones Industrial Average gained 2.5 percent over the week to end at 17,552.17. The S&P 500 rose 2.8 percent from last Friday’s close to 2,060.99. The Nasdaq advanced 2.6 percent over the week to 5,048.49. All key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index, a measure of investor uncertainty, fell to 15.5. Read more

Stocks tumble to end volatile week! More selling pressure ahead!

December 20. 2015

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average lost 0.8 percent over the week to close at 17,128.45. The S&P 500 lost 0.3 percent for the week to finish at 2,005.52. The Nasdaq slid 0.2 percent for the week to end at 4,923.08. Among the 10 key S&P sectors, materials were the worst performer and utilities the best. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held above 20. Read more

Correction risk is increasing as market breadth had to take a hard hit!

December 13. 2015

Market Review

The S&P 500 dropped 3.8 percent for the week to finish at 2,012.37. The Nasdaq lost 4.1 percent for the week to end at 4,933.47. Among the key S&P sectors, utilities were the best weekly performer, while energy dragged. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, jumped to 24. Read more

Situation remains quite unchanged (as market remains in consolidation mode)

December 06. 2015

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average gained 0.3 percent over the week to close at 17,847.63. The S&P 500 added 0.1 percent for the week and finished at 2,091.69. The Nasdaq added 0.3 percent from the week-ago close to 5,142.27. Among the key S&P sectors, technology was the top gainer and energy the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held below 15. Read more