Short squeeze potential outright high!

September 24th 2017

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average rose 0.4 percent to 22,349.59. The S&P 500 gained less than 0.1 percent to end at 2,502.22. The Nasdaq lost 0.3 percent during the week to finish at 6,426.92. Among key S&P sectors, financials closed higher for the week, while utilities slumped. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.6.

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The WSC All Weather Portfolio reached again a new all-time high!

September 17th 2017

Market Review

U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 2.2 percent to close at a record of 22,268.34. The Dow also recorded its best weekly gain in 2017. The S&P 500 ended at a record of 2,500.23 and booked a weekly gain of 1.6 percent. Friday marked the first time the index broke above 2,500. The Nasdaq climbed 1.4 percent over the week to finish at 6,448.47. The heavy-tech index just closed about 12 points shy of its record hit Sept. 13. Most key S&P sectors ended in positive territory for the week, led by energy. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 10.2.

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Range bound market ahead as tape is supportive but not overwhelming!

September 9th 2017

Market Review

U.S. stocks closed the week with losses. The Dow Jones Industrial Average closed at 21,789 and declined 0.9 percent over the week. The S&P 500 shed 0.6 percent for the week to finish at 2,462. The Nasdaq slid 1.2 percent for the week to end at 6,357. Among the key S&P sectors, health care and energy were the best weekly performer, while financials and technology dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.1.

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Correction risk has diminished fairly – Time to get back into the market?

September 3rd 2017

Market Review

U.S. stocks finished the week with small gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.6 percent to finish at 21,813.67. The S&P 500 finished at 2,443.05 and recorded a weekly gain of 0.7 percent. The Nasdaq posted a weekly gain of 0.8 percent to end at 6,265.64. The heavy-tech index booked its first weekly gain in five weeks. Most key S&P sectors ended in positive territory for the week, led by materials. Consumer staples were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded more than 9.5 percent lower, near 11.3.

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