Expect to see further bullish biased sideways trading!

December 25. 2016

Market Review

All three major U.S. averages finished the week with small gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.5 percent to end at 19,933.81. The blue-chip index logged its seventh straight weekly gain, the longest winning streak in two years, and is up just over 14 percent for the year. The S&P 500 returned 0.3 percent for the week to finish at 2,263.76. The broad index has risen nearly 11 percent this year. The Nasdaq advanced 0.3 percent for the week to finish at 5,462.69. Over the year, the tech-heavy index gained 9 percent. Among the key S&P sectors, financials and technology were the best weekly performer, while materials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.6. Read more

Market reached a new all-time high but period of consolidation ahead!

December 18. 2016

Market Review

After rallying towards a new all-time high on Tuesday, U.S. stocks lost some steam and finished the week nearly unchanged. For the week, the Dow Jones Industrial Average gained 0.4 percent to close at 19,843.41. The S&P 500 lost less than 0.1 percent to end at 2,258.07. The Nasdaq decreased 0.1 percent for the week to end at 5,437.16. Among the key S&P sectors, telecom was the best weekly performer, while industrials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 12.2. Read more

S&P 500 reached a new all-time high!

December 11. 2016

Market Review

U.S. stocks rallied for the week, lifting the three major indexes to new records highs. For the week, the Dow Jones Industrial Average added 3.1 percent, to 19,756.85. The blue-chip average recorded its fifth week of consecutive gains. The S&P 500 booked also a 3.1 percent weekly gain to finish at 2,259.53. The broad index notched its best winning streak since June 2014. The Nasdaq rocketed 3.6 percent in five trading days to 5,444.50. All key S&P sectors finished in positive territory for the week, led by financials and technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 11.8. Read more

Market is about to follow its typical December pattern!

December 04. 2016

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average gained 0.1 percent to close at 19,170.42; its fourth consecutive weekly rise. The S&P 500 booked a weekly loss of 1.0 percent to end at 2,191.95. The Nasdaq dropped 2.7 percent for the week to end at 5,255.65. Both the S&P 500 and the Nasdaq snapped three-week winning streaks. Among the key S&P sectors, energy was the top performer and technology the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 14.1 Read more