Re-test of the previous bull-market high likely in late Q1!

February 24h 2019

Market Review

U.S. stocks finished the week with decent gains. The Dow Jones Industrial Average added 0.6 percent for the week to end at 26,031.8. The 30-stock index also broke above 26,000 for the first time since early November and posted its ninth consecutive weekly gain, its longest streak since May 1995. The S&P 500 also eked out a gain of 0.6 percent from last Friday’s close to finish at 2,792.67. The Nasdaq climbed 0.7 percent over the week to 7,527.54. It notched its ninth straight weekly gain, its longest streak since May 2009. Most key S&P sectors finished higher. The utilities sector was the best weekly performer, while energy dragged. The CBOE Volatility Index(VIX), widely considered the best gauge of fear in the market, traded near 13.5.

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No major technical deal-breaker visible! FOMO is still kicking in!

February 17th 2019

Market Review

U.S. stocks rallied for another week. The Dow Jones Industrial Average surged 3.1 for the week, marking its best weekly winning streak since November 2017. The S&P 500 climbed 2.5 percent, its third straight week of finishing higher. The Nasdaq added 2.4 percent, its longest weekly stretch since August 2016. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.9.

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Increased volatility likely although technical set-up remains bullish!

February 10th 2019

Market Review

U.S. stocks wrapped a volatile week and all three major U.S. averages finished the week with small gains. The Dow Jones Industrial Average eked out a small weekly gain of 0.2 percent to finish at 25,106.33. The S&P 500 finished at 2,707.88 and ended the week roughly where it had started (plus 0.1 percent). The Nasdaq recorded a weekly gain of 0.5 percent to end at 7,298.20. Among the key S&P sectors, the utilities sector was the best weekly performer, while energy dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 15.7.

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Rally strongly continued last week, but dumb money is still not buying it!

February 3rd 2019

Market Review

U.S. stocks rallied for the week. The Dow Jones Industrial Average added 1.3 percent from last Friday’s close to 25,063.89. The blue-chip index rose to extend its winning streak for a sixth week, the longest since November 2017. The S&P 500 advanced 1.6 percent during the week to 2,706.53. The Nasdaq closed at 7,263.87 and added 1.4 percent for the week. All key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 16.1.

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