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

February 26th 2017

Market Review

U.S. stocks finished another week of gains with the Dow and the S&P 500 at record highs. The Dow Jones Industrial Average gained 1.0 percent over the week to close at 20,821.76. Its third week of gains. The S&P 500 increased 0.7 percent for the week to finish at 2,367.34. Its fifth straight week of gains. The Nasdaq eked out a small gain of 0.1 percent to finish at 5,845.31. Its fifth straight week of gains. Among the key S&P sectors, utilities was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.4.

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Not surprisingly, new record highs as bull-run continues!

February 19th 2017

Market Review

U.S. stocks finished another week of gains with the major averages at record highs. For the week, the Dow Jones Industrial Average gained 1.8 percent to end at 20,624.05. The S&P 500 recorded a weekly climb of 1.5 percent over the five days to 2,351.16. The Nasdaq rose 1.8 percent from last Friday’s close to end at 5,838.58. Most key S&P sectors ended in positive territory for the week, led by financials. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.5.

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Market is moving right in line with our recent outlook!

February 12th 2017

Market Review

U.S. stocks finished the week with gains with all three major averages hitting new records. The Dow Jones Industrial Average gained 1.0 percent for the week to close at 20,269.37. The S&P 500 booked a weekly gain of 0.8 percent and closed at 2,316.10. The Nasdaq advanced 1.2 percent to end at 5,734.13. Most key S&P sectors finished higher, led by industrials. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 10.82.

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Short-term oriented consolidation ahead but tape remains constructive!

February 5th 2017

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.1 percent to close at 20,071.46. The S&P 500 recorded a weekly gain of 0.1 percent to end at 2,297.42. The Nasdaq rose also 0.1 percent for the week to end at 5,666.77. Among the key S&P sectors, health care was the best weekly performer, while materials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.81.

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