admin No Comments

Market entered the next stage of a typical top-building process

September 26th 2021

Market Review

U.S. stocks experienced a roller-coaster week that saw the major averages dropping more than 2% at the beginning of the week, but managed to rebound strongly at the end of the week. In the end, major indexes finished the week in slightly positive territory. The Dow Jones Industrial Average gained 0.6% during the week to close at 34,798.00. The S&P 500 closed at 4,455.48 and ended the week up 0.5%. The Nasdaq eked out a tiny weekly gain of 0.02% to end at 15,047.70. Among the key S&P sectors, energy was the best weekly performer, while the utilities sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 17.8.

Read more

admin No Comments

Stay alert as tape condition continued to weaken

September 19th 2021

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average dropped 0.1% from the week-ago close to 34,584.88. The blue-chip index booked its third straight week of declines and has not had a 3-week losing streak since September 2020. The S&P 500 recorded a 0.6% loss over the week and finished at 4,432.99, its second straight week of losses. The Nasdaq Composite booked a weekly fall of 0.5% to end at 15,043.97. Most key S&P sectors ended in negative territory for the week, led by the materials sectors. Discretionary and energy were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 20.8.

Read more

admin No Comments

Correction risk is back on the table!

September 12th 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 2.2% over the week to 34,607.72. The S&P 500 booked a weekly loss of 1.7% to close at 4,458.58. The Nasdaq shed 1.6% for the week to end at 5,115.49. All key S&P sectors ended in negative territory for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 21.

Read more

admin No Comments

Narrow based rally transformed back into a more broad-based up-trend

September 5th 2021

Market Review

U.S. stocks finished the week with a mixed performance. Closing at 35,369.09, the Dow Jones Industrial Average shed 0.2% in five trading days. The S&P 500 logged a 0.6% gain for the week to finish at 4,535.43. The Nasdaq posted a weekly advance of 1.6% and finished at 15,363.52. Among the key S&P sectors, health care was the best weekly performer, while financials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.4.

Read more