September 2019 - WallStreetCourier

admin September 29, 2019 No Comments

No need to panic! Expected consolidation period remains supportive!

September 29th 2019

Market Review

U.S. stocks declined for a second week. The Dow Jones Industrial Average booked a weekly loss of 0.4 percent to finish at 26,820.25. The S&P 500 dropped 1.0 percent to 2,961.79 for the week. The Nasdaq fell 2.1 percent for the week and finished at 7,939.63. Among the key S&P sectors, utilities and staples were the only weekly performers, while all other sectors dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended above 17.2.

admin September 22, 2019 No Comments

Short lived consolidation possible but set-up remains quite bullish!

September 22nd 2019

Market Review

After the S&P 500 just had closed 10 points below its all-time high on Thursday, U.S. stocks fell on Friday, with the major indexes snapping a three-week winning streak. For the week, the S&P 500 finished at 2,992.09 and posted a weekly drop of 0.5 percent. The Dow Jones Industrial Average slid 1.1 percent to 26,935.07, whereas the Nasdaq finished the week 0.7 percent lower. The utilities sector was the best weekly performer, while discretionary dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.2.

admin September 15, 2019 No Comments

Expect to see new all-time highs soon!

September 15th 2019

Market Review

In line with our latest call, all three major U.S. averages finished the week with solid gains. For the week the Dow Jones Industrial Average advanced 1.6 percent to end at 27,219.52. The blue-chip index posted its first eight-day winning streak in more than a year. The S&P 500 added 1.0 percent for the week to finish at 3,007.39. The Nasdaq advanced 0.9 percent from the week-ago close to 8,176.71. Friday’s action left the Dow Jones Industrial Average 0.5 percent from its record at 27,359.16 hit on July 15, while the S&P 500 was also 0.5 percent from its all-time high at 3,025.86 set on July 26. The Nasdaq ended the day 1.9 percent from its all-time closing high at 8,330.21 also hit on July 26. Most key S&P sectors finished higher, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.7.

admin September 8, 2019 No Comments

The S&P 500 rallied strongly for the week!

September 8th 2019

Market Review

In line with our latest technical market forecast, U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average rose 1.5 percent from the week-ago close to 26,797.46. The S&P 500 climbed 1.8 percent for the week to 2,978.71. The Nasdaq also gained 1.8 percent over the week to 8,103.07. The Dow Jones Industrial Average stands 2.1 percent shy of its record closing peak at 27,359.16, hit July 15, while the S&P 500 is about 1.6 percent short of its all-time closing high set July 26 at 3,025.86, and the Nasdaq is 2.7 percent from its July 26 record at 8,330.21. All key S&P sectors ended in positive territory for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.

admin September 1, 2019 No Comments

Time to raise exposure again as tape is getting back on track!

September 1st 2019

Market Review

U.S. stocks posted solid gains for the week. The Dow Jones Industrial Average added 3.0 percent over the week to end at 26,403.28. The S&P 500 recorded a weekly 2.8 percent gain to close at 2,926.46. The Nasdaq advanced 2.7 percent from last Friday’s close to finish at 7,962.88. Still, the major indexes posted their worst monthly performance since May. The Dow fell 1.7 percent in August while the S&P 500 lost 1.8 percent and the Nasdaq pulled back 2.6 percent. All key S&P sectors ended in positive territory for the week, led by the industrials sector. The CBOE Volatility Index (VIX), widely considered to be the best fear gauge on Wall Street, traded near 19.