Retest of the previous low in place! Year-end rally still possible!

November 25th 2018

Market Review

U.S. stocks finished the holiday-shortened week with deep losses. The Dow Jones Industrial Average slumped 4.4 percent over the week to 24,285.95. The S&P 500 tumbled 3.8 percent for the week to finish at 2,632.56. The Nasdaq notched a week-on-week decline of 4.3 percent for the week to end at 6,938.98. Last week’s performances for all three major indexes marked their worst Thanksgiving weeks since 2011. Among the key S&P sectors, all sectors ended lower for the week, with technology plunging the most. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, traded near 21.5.

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Further bottom building into deeper November!

November 18th 2018

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average dropped 2.2 percent over the week to 25,413.22. The S&P 500 lost 1.6 percent for the week to finish at 2,736.27. The Nasdaq shed 2.2 percent for the week to end at 7,247.87. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. Most key S&P sectors ended in negative territory for the week, led by discretionary. The materials sector was the only gainer. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, traded near 18.1.

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Further bottom confirmation! Get ready to raise exposure again!

November 11th 2018

Market Review

The U.S. stock market finished the week with solid gains. The Dow Jones Industrial Average gained 2.4 percent over the week to close at 25,270.83. The S&P 500 was also 2.4 percent higher on the week and finished at 2,723.06, the best week since May. The Nasdaq rallied 2.6 percent for the week to close at 7,356.99, its best week since August. Most key S&P sectors ended in positive territory for the week, led by materials. Utilities were the only decliners. The Chicago Board Options Exchange Volatility Index (VIX), a measure of investor uncertainty, fell to 19.51.

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Smells like bottom building, but bullish impulses are missing as well!

November 3rd 2018

Market Review

The U.S. stock market finished the week with solid gains. The Dow Jones Industrial Average gained 2.4 percent over the week to close at 25,270.83. The S&P 500 was also 2.4 percent higher on the week and finished at 2,723.06, the best week since May. The Nasdaq rallied 2.6 percent for the week to close at 7,356.99, its best week since August. Most key S&P sectors ended in positive territory for the week, led by materials. Utilities were the only decliners. The Chicago Board Options Exchange Volatility Index (VIX), a measure of investor uncertainty, fell to 19.51.

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