Summer rally ahead? Indicator framework remains supportive!

May 28th 2017

Market Review

U.S. stocks closed out the week with stronger gains and at new record highs. For the week, the Dow Jones Industrial Average added 1.3 percent to end at 21,080.28. The S&P 500 gained 1.4 percent to close at a record 2,415.82. The Nasdaq jumped 2.1 percent for the week to end at a record 6,210.19. Most key S&P sectors ended in positive territory for the week, led by utilities. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 9.8.

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U.S. stocks posted their biggest pullback of the year!

May 21th 2017

Market Review

It was a turbulent week on Wall Street as U.S. stocks started out the week with small gains but fell by nearly 2 percent on Wednesday, posting the largest decline since September 2016. U.S. stocks stabilized on Thursday and rallied on Friday. In the end, U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average lost 0.4 percent for the week to 20,804.84. The S&P 500 declined 0.4 percent during the week as well to finish at 2,381.73. Both the Dow and the S&P 500 turned in a second week of losses. The Nasdaq booked a weekly loss of 0.6 percent to 6,083.70. Among the key S&P sectors, consumer staples was the best performer on the week, while financials was the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell back towards 12 after jumping almost 50% on Wednesday.

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Short-term pullback into deeper May! Time to take profits!

May 14th 2017

Market Review

Last week U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.5 percent in five trading days to end at 20,896.61. The S&P 500 declined 0.4 percent over the week to finish at 2,390.90. Both the Dow and the S&P 500 record their first weekly retreat in nearly a month. The Nasdaq Composite added 0.3 percent during the week to 6,121.23. The hevy-tech index booked its fourth straight weekly gain. Among the key S&P sectors, technology 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.

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S&P 500 reached a new all-time high, but …

May 7th 2017

Market Review

U.S. stocks closed the week with gains, lifting the S&P 500 and the Nasdaq to record closes. For the week the Dow Jones Industrial Average climbed 0.3 percent to end at 21,006.94. The S&P 500 recorded a weekly 0.6 percent gain to close at a record high of 2,399.29. The Nasdaq advanced 0.9 percent from last Friday’s close to finish at a record of 6,100.76. Most key S&P sectors ended in positive territory for the week, led by financials. Energy were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.7.
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