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Consolidation period is over! Evidences for a Santa Claus Rally visible!

November 26th 2017

Market Review

U.S. stocks ended the holiday-shortened week with gains pushing two of the main indexes to new record highs. The Dow Jones Industrial Average recorded a 0.9 percent weekly gain to end at 23,590.83. The S&P 500 also booked a weekly climb of 0.9 percent, closing at a record of 2,602.42. The Nasdaq rose 1.6 percent for the week to close at 6,889.16, also clinching an all-time high. All the main indexes posted their first weekly gain in three weeks. All key S&P sectors 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 at 9.67

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Dow and S&P 500 post first 2-week losing streak since August!

November 19th 2017

Market Review

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.3 percent over the week, to end at 23,358.24. The S&P 500 dropped 0.1 percent for the week to finish at 2,578.85. Both, the S&P 500 and the Dow logged a second straight week of losses. The Nasdaq added 0.5 percent for the week to 6,782.79. Among the key S&P sectors, consumer staples was the best weekly performer, while energy dragged. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 11.43.

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Market looks pretty vulnerable at the moment!

November 12th 2017

Market Review

U.S. stocks finished the week on a subdued note. The Dow Jones Industrial Average lost 0.5 percent over the week to close at 23,422.21. The S&P 500 lost 0.2 percent for the week to finish at 2,582.28. The Nasdaq slid 0.2 percent for the week as well to end at 6,750.94. Both the Dow and the S&P 500 had risen for eight straight weeks, while the Nasdaq broke a six-week rally. Still, all three indexes are hovering near record levels. Among the key S&P sectors, consumer staples were the best weekly performer, while financials dragged. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed at 11.29.

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Consolidation mode in progress but no signs of a major deal breaker yet!

November 5th 2017

Market Review

Although the market was struggling for direction at the beginning of the week, U.S. equities finished the week by breaking another set of records on Friday. The Dow Jones Industrial Average rose 0.5 percent for the week to a record high of 23,539.19. The S&P 500 climbed 0.3 percent for week to a record of 2,587.84. The week marked the eight straight weekly gain for both the Dow and the S&P 500, the longest such streak for both since November 2013. The Nasdaq advanced 0.9 percent from last Friday close to 6,764.44, an all-time high. The heavy-tech index marked its 63rd record close of 2017 and closed out its sixth positive week in a row, matching a streak that ended in early March. Among the key S&P sectors, energy was the best weekly performer, while industrials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.1.

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