More confirmation for our new highs scenario!

April 24. 2016

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average gained 0.6 percent to close at 18,003.75. The S&P 500 rose 0.5 percent to end at 2,091.58.
The Nasdaq lost 0.7 percent for the week to end at 4,906.23. Among the key S&P sectors, energy was the top performer and utilities the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined to end slightly above 13. Read more

S&P 500 reached highest level in 2016!

April 17. 2016

Market Review

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average rose 1.8 percent from the week-ago close to 17,897.46. The blue-chip index saw its strongest weekly gain in a month. The S&P 500 climbed 1.6 percent for the week to 2,080.73. The Nasdaq gained 1.8 percent over the week to 4,938.22. Among the key S&P sectors, financials were the best weekly performer and consumer staples the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, edged lower to near 13.7. Read more

Too early to panic (as bullish set-up remains unchanged)!

April 09. 2016

Market Review

U.S. stocks closed the week in negative territory. For the week, the Dow Jones Industrial Average slipped 1.2 percent to finish at 17,576.96. The S&P 500 dipped 1.2 percent in five trading days as well to end at 2,047.60. The Nasdaq slumped 1.3 percent for the week to close at 4,850.69. Most key S&P sectors finished in red, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined to near 15.4. Read more

More confirmation for our new highs scenario!

April 03. 2016

Market Review

U.S. stocks finished the week with gains. The Dow Jones Industrial Average added 1.6 percent to finish the week at 17,792.75. The S&P 500 increased 1.8 percent to 2,072.78 for the week. The Nasdaq gained 3.0 percent over the week to 4,914.54. Most key S&P sectors finished higher, led by technology, energy was the only decliner on the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, hit a fresh low for the year so far and ended just above 13. Read more