Market appears ready for a breather!

July 29th 2018

Market Review

U.S. stocks finished the week mostly with a positive performance. For the week, the Dow Jones Industrial Average added 1.6 percent to 25,451.06. The S&P 500 gained 0.6 percent to end at 2,818.82. Both the Dow and the S&P 500 posted their fourth straight weekly gains, the longest such streak since January. The Nasdaq in contrast lost 1.1 percent during the week to finish at 7,737.42. Most key S&P sectors finished higher, led by energy and industrials, while technology ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 13.0.

Read more

Technical environment remains supportive!

July 22nd 2018

Market Review

U.S. stocks finished the week nearly unchanged. The Dow Jones Industrial Average eked out a 0.2 percent weekly gain to close at 25,058.12. The S&P 500 was flat over the week and finished at 2,801.83. The Nasdaq also ended the week nearly unchanged at 7,820.20. Among the key S&P sectors, financials and industrials were the top gainers and energy the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 12.9.

Read more

Strong confirmation within mid-term oriented market breadth!

July 15th 2018

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average booked a 2.3 percent weekly gain to end at 25,019.41. The S&P 500 recorded a weekly climb of 1.5 percent and closed at 2,801.31. The Nasdaq increased 1.8 percent for the week to close at 7,825.98 and to mark a fresh all-time high. Nearly all key S&P sectors ended in positive territory for the week led by industrials. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 12.2.

Read more

Bounce in place!

July 8th 2018

Market Review

U.S. stocks finished the week with gains. For the week, the Dow Jones Industrial Average returned 0.8 percent to close at 24,456.48. The S&P 500 ended at 2,759.82 and booked a weekly gain of 1.5 percent. The Nasdaq gained 2.4 percent over the week to finish at 7,688.39. Among the key S&P sectors, energy was the only negative sector for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 13.4.

Read more

Consolidation got a bearish/corrective tilt! Time to place a stop-loss limit!

July 1st 2018

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average dropped 1.2 percent from the week-ago close to 24,271.41. The S&P 500 recorded a 1.3 percent loss over the week and finished at 2,718.37. The Nasdaq Composite booked a weekly fall of 2.4 percent to end at 7,510.30. For the month, the Dow Jones Industrial Average slipped 0.6 percent while the S&P 500 rose 0.5 percent and the Nasdaq gained 0.9 percent. For the second quarter, all three ended in the green, with the Dow Jones Industrial Average up 0.7 percent, the S&P 500 up 2.9 percent, and the Nasdaq climbing 6.3 percent. For the first half of the year, the Dow Jones Industrial Average is down 1.8 percent and the S&P 500 is up 1.7 percent. The Nasdaq is up 8.8 percent. Most key S&P sectors ended in negative territory for the week, led by technology. Utilities and energy were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.1.

Read more