Small improvements visible but tape condition is still lagging behind!

July 28th 2019

Market Review

U.S. stocks climbed last week, lifting the S&P 500 and Nasdaq to record closes. The Dow Jones Industrial Average eked out a small weekly gain of 0.1 percent to finish at 27,192.45. The S&P 500 gained 1.7 percent in the past five days to finish at 3,025.86, posting a record high. The Nasdaq gained 2.3 percent for the week to end at an all-time high of 8,330.21. Nearly 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 at 12.16.

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Time to take profits!

July 21st 2019

Market Review

U.S. stocks closed the week slightly lower. For the week, the Dow Jones Industrial Average slid 0.6 percent to 27,154.20. The S&P 500finished at 2,976.61 and posted a weekly drop of 1.0 percent. The Nasdaq declined 1.0 percent from the week-ago close to 8,146.49. Most key S&P sectors finished lower, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.5.

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The S&P 500 closed above 3,000 for the first time!

July 14th 2019

Market Review

U.S. stocks posted solid gains for the week with the major indexes passing multiple milestones and reaching new record highs. The Dow Jones Industrial Average added 1.5 percent over the week to end at 27,332.03. The Dow Jones Industrial Average closed above 27,000 for the first time on Thursday. The S&P 500 recorded a weekly 0.8 percent gain to close at 3,013.77. This week, the broad index notched its first close above 3.000. The Nasdaq advanced 1.0 percent from last Friday’s close to finish at 8,244.14. Among the key S&P sectors, energy was the greatest gainer for the week, while health care led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.4.

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The market is moving right in line with our outlook!

July 7th 2019

Market Review

U.S. stocks finished the week in positive territory, with all three benchmarks reaching all-time highs during the week. The Dow Jones Industrial Average added 1.2 percent for the week to end at 26,922.12. The S&P 500 advanced 1.7 percent from last Friday’s close to finish at 2,990.41. The Nasdaq climbed 1.9 percent over the week to 8,161.79. All three equity gauges finished at all-time highs on Wednesday. Most key S&P sectors ended in positive territory for the week, led by technology. The energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.3.

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