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Narrow based rally has not been able to sort out negative divergences so far!

August 29th 2021

Market Review

U.S. stocks finished the week in the green, with two benchmarks hitting record highs. The Dow Jones Industrial Average rose 0.9% in five trading days to end at 35,455.80. The S&P 500 added 1.5% over the week to finish at 4,509.37. The Nasdaq Composite gained 2.8% during the week to 15,129.50. Most key S&P sectors ended in positive territory for the week, led by the energy sector. Utilities lead decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.

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Stay alert since risk for stronger pullback remains high!

August 22nd 2021

Market Review

All three major U.S. averages finished a choppy week with losses. The Dow Jones Industrial Average dipped 1.1% last week to close at 35,120.08. The S&P 500 recorded a weekly loss of 0.6% to reach to reach 4,441.67. The Nasdaq was 0.7% lower for the week and finished at 14,714.66. Among the key S&P sectors, utilities were the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.6.

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Quality of the current rally still remains outright low!

August 15th 2021

Market Review

U.S. stocks finished the week with a mixed performance. Closing at 35,515.38, the Dow Jones Industrial Average increased 0.9% in five trading days. The S&P 500 logged a 0.7% gain for the week to finish at 4,468.00. The Nasdaq Composite, in contrast lost 0.1% during the week and finished at 14,822. Nearly all key S&P sectors closed in positive territory, led by the materials sector. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.5.

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Smaller improvements visible but rally remains weak-kneed

August 7th 2021

Market Review

U.S. stocks finished the week with gains and with two major indexes posting new record highs.  Closing at a record of 35,208.51, the Dow Jones Industrial Average rose 0.7% for the week. The S&P 500 booked a weekly gain of 0.9% and closed at a record of 4,436.52. The Nasdaq finished at 14,835.76 and rose 1.1% this week. Most key S&P sectors finished higher, led by financials energy sector. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, dropped to 16.2.

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Further top building into deeper summer!

August 1st 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average slid 0.4% over the week to 34,935.47. The S&P 500 booked a weekly loss of 0.4% as well to close at 4,395.26. The Nasdaq shed 1.1% for the week to end at 14,672.68. All three indexes hit record highs on Monday and are up for July, with Dow showing a 1.3% monthly gain, the S&P 500 rising 2.3% and the Nasdaq up 1.2% for the month. Most key S&P sectors ended in positive territory for the week, led by materials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 18.2.

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