Right in line with our recent call, the S&P 500 lost 6 percent for the week!

March 25h 2018

Market Review

U.S. stocks finished the week sharply lower, with the main benchmarks recording their biggest weekly losses in more than two years. For the week, the Dow Jones Industrial Average slumped 5.7 percent, to finish at 23,533.20. The blue-chip index recorded its lowest close of 2018 and is now down nearly 5 percent since the start of the year. The S&P 500 closed at 2,588.26 and recorded a weekly loss of 6 percent. The benchmark index is down 3.2 percent year to date. The Nasdaq fell 6.5 percent for the week to close at 6,992.67. All key S&P sectors finished in the red for the week, dragged by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 24.9.

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Rally is running out of steam! Time to cut exposure again!

March 18th 2018

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 1.5 percent over the week to 24,946.51. The S&P 500 recorded a weekly drop of 1.2 percent to finish at 2,752.01. The Nasdaq lost 1.0 percent for the week to end at 7,481.99. Most key S&P sectors ended in negative territory for the week, led by materials. Utilities were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.8.

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Expect to see a retest of the latest bull-market high, but..

March 10th 2018

Market Review

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average gained 3.3 percent over the week to close at 25,335.74. The S&P 500 jumped 3.5 percent for the week to finish at 2,786.57. The Nasdaq ended at 7,560.81 and jumped 4.2 percent over the past five days. The tech-heavy index notched its first closing record since Jan. 26. All three benchmark indexes posted their best weekly performance in three weeks. All key S&P sectors ended in positive territory for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 14.6.

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The S&P 500 is exactly following our projected path!

March 3rd 2018

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average dropped 3.1 percent over the week to 24,538.06. The S&P 500 recorded a weekly loss of 2.0 percent to finish at 2,691.25. The Nasdaq shed 1.1 percent for the week to end at 7,257.87. All key S&P sectors finished in the red for the week, dragged by materials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 19.6.

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