Make or break set-up is forming! Time to get cautious!

May 26th 2019

Market Review

U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average declined 0.7 percent during the week to end at 25,585.69. The S&P 500 Index lost another 1.2 percent from the prior Friday’s close to finish at 2,826.06. The Nasdaq tumbled 2.3 percent during the week to 7,637.01. Most key S&P 500 sectors finished lower, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.9.

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Bottom building process in force but bullish impulses are missing as well!

May 19th 2019

Market Review

U.S. stocks wrapped a volatile week and all three major U.S. averages finished the week finally in negative territory. The Dow Jones Industrial Average declined 0.7 percent over the week to 25,764. The S&P 500 recorded a weekly loss of 0.8 percent to finish at 2,859.53. The Nasdaq lost 1.3 percent for the week to end at 7,816.28. Most key S&P sectors ended in negative territory for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.

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Sell in May and go away? No! It is still too early to pull the trigger!

May 12th 2019

Market Review

U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average slumped 2.1 percent over the week to 25,942.37. The S&P 500 booked a weekly loss of 2.2 percent to finish at 2,881.40. The Nasdaq shed 3.0 percent for the week to end at 7,916.94. The weekly declines for the S&P 500 and the Nasdaq were the biggest of the year. All key S&P sectors ended in negative territory for the week, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 19.1

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Consolidation has definitely a bullish tilt as market internals are gearing up!

May 5th 2019

Market Review

After a quite volatile week, U.S. stocks finished the week nearly unchanged. The Dow Jones Industrial Average posted a small weekly loss of 0.1 percent to close at 26,504.95. Due to a quite strong Friday, the S&P 500 closed the week slightly higher at 2,945.64. The Nasdaq also eked out a small gain for the week to finish at a new all-time high of 8,164.0. Among the key S&P sectors, financials and health care were the top gainers and energy the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.9 on Friday after spiking towards 15.9 on Wednesday.

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