Consolidation period close to end! Expect to see further gains into summer!

April 30th 2017

Market Review

U.S. stocks finished the week in positive territory. The Dow Jones Industrial Average gained 1.9 percent for the week to close at 20,940.51. The blue-chip gauge rose 1.3 percent for the month. The S&P 500 booked a weekly gain of 1.5 percent and closed at 2,384.20. The broad-index added 0.9 percent in April. The Nasdaq advanced 2.3 percent during the week to end at 6,047.61. The heavy-tech index gained 2.3 percent over the month. All key S&P sectors ended in positive territory for the week, led by health care. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.7.

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Stuck in the middle but at least tilt is getting slightly bullish again!

April 23rd 2017

Market Review

U.S. stocks finished the week with gains. For the week the Dow Jones Industrial Average eked out a gain of 0.5 percent to finish at 20,547.76. The S&P 500 finished at 2,348.69 and recorded a weekly gain of 0.9 percent as well. The Nasdaq jumped 1.8 percent during the week to end at 5,910.52. Among the key S&P sectors, industrials were the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.7.

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Make or break set-up is forming! Time to place a stop-loss limit!

April 16th 2017

Market Review

U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 1.0 percent to 20,453.25. The S&P 500 finished at 2,328.95 and posted a weekly drop of 1.1 percent. The Nasdaq declined 1.2 percent from the week-ago close to 5,805.15. Most key S&P sectors finished in the red for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.

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Epic tug-of-war between bulls and bears!

April 9th 2017

Market Review

U.S. stocks closed the week with modest losses. The Dow Jones Industrial Average closed at 20,656.10 and declined less than 0.1 percent over the week. The S&P 500 shed 0.3 percent for the week to finish at 2,355.54. The Nasdaq slid 0.6 percent for the week to end at 5,877.81. Among the key S&P sectors, energy was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.75.

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Tape recovery indicates that correction risk has diminished (at least for now)!

April 2nd 2017

Market Review

U.S. stocks ended the week with gains. The Dow Jones Industrial Average eked out a small gain of 0.3 percent over the week to end at 20,663.22. The blue-chip index is 0.7 percent lower for the month, while notching a 4.6 percent gain for the quarter. The S&P 500 recorded a 0.8 percent gain over the week and closed at 2,362.72. The broad index is down less than 0.1 percent for the month and up 5.5 percent for the quarter. The Nasdaq climbed 1.4 percent for the week to 5,911.74. It rose 1.5 percent for the month, and nearly 10 percent for the quarter. Among the key S&P sectors, energy was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.3.

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