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Tape remains strong but sentiment is getting increasingly a burden!

July 30th 2017

Market Review

U.S. stocks finished another week with a mixed performance, with one index notching a record high. The Dow Jones Industrial Average gained 1.2 percent in five trading days to end at a new record of 21,830.31. The S&P 500 declined less than 0.1 percent for the week to finish at 2,472.10. The Nasdaq Composite dropped 0.2 percent during the week to 6,374.68. Among the key S&P sectors, energy was the best weekly performer, while health care dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.3.

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The market is moving right in line with our outlook!

July 23rd 2017

Market Review

U.S. stocks finished the week with a mixed performance, but still all three major indexes notched record highs last week. The Dow Jones Industrial Average lost 0.3 percent in five trading days to end at 21,580.07. The blue-chip index snapped a two-week win streak. The S&P 500 logged a 0.5 percent gain for the week to finish at 2,472.54; for a third week of gains. The Nasdaq Composite added 1.2 percent to 6,387.75 for the five days and logged its third week of gains. Among the key S&P sectors, utilities 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 9.4.

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Consolidation close to end – More evidences for our summer rally scenario!

July 16th 2017

Market Review

U.S. stocks rallied for the week, pushing the Dow and the S&P 500 to new record highs. The Dow Jones Industrial Average rose 1.0 percent for the week to a record of 21,637.74. The S&P 500 climbed 1.4 percent for week to a record of 2,459.27. The Nasdaq rocketed 2.4 percent from last Friday close to 6,312.47. The heavy-tech index booked its sixth-straight positive close and finished just shy of its closing record of 6,321.76 set on June 8. All key S&P sectors, except financials ended in positive territory for the week, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.5.

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Expect to see a period of weakness into July!

July 9th 2017

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.3 percent for the week to end at 21,414.34. The S&P 500 advanced 0.1 percent from last Friday’s close to finish at 2,425.18. The Nasdaq eked out 0.2 percent over the week to 6,153.08. Among the key S&P sectors, the financial sector 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.

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No need to get nervous yet as bullish set up remains unchanged!

July 2nd 2017

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 0.2 percent over the week to 21,349.63. The S&P 500 recorded a weekly drop of 0.6 percent to finish at 2,423.41. The Nasdaq lost 2.0 percent for the week to end at 6,140.42. Among the key S&P sectors, the financial sector was the best weekly performer, while technology dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.1.

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