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Further up-trend confirmation!

March 27th 2022 |

Key Takeaways

  • No need to change our strategic bullish outlook for the S&P 500 from January 20th.
  • Quality of the current short-term oriented uptrend looks quite high.
  • Sentiment is giving no reason to worry right now.

Market Review |

U.S. stocks finished in positive territory with all three major averages notching second consecutive winning weeks. The Dow Jones Industrial Average posted a weekly increase of 0.3% to finish at 34,861.24. The S&P 500 gained 1.8% for the five days to 4,543.06. The Nasdaq rallied nearly 2% during the week to 14,169.30. Nearly all key S&P sectors ended in positive territory for the week, led by the energy sector. Health care was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded around 20.8.

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Risk-/reward ratio is looking attractive again!

March 20th 2022 |

Key Takeaways

  • We upgrade our strategic outlook from cautious to bullish
  • New uptrend is establishing but expect high volatility
  • Short-term oriented indicators critical to watch within the next couple of days
  • Time to get back into the market buy building up exposure (especially on weak trading days)

Market Review |

U.S. stocks posted strong gains for the week. The Dow Jones Industrial Average gained 5.5% week to date to close at 34,754.93. The S&P 500 finished at 4,463.12 and rocketed 6.1% this week. The Nasdaq jumped 8.1% for the week and finished at 13,893.84. Nearly all key S&P sectors succeeded to close in positive territory for the week, led by the discretionary sector. Energy was the only loser. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 23.9.

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Trend quality remains critical to watch right now!

March 13th 2022 |

Key Takeaways

  • No fundamental reason to change our cautious strategic outlook from January 16th
  • Sentiment hits extreme negative levels, thus, the risk for oversold bounces are accumulating
  • Stay on the sideline since the current risk-/reward ratio looks too low to justify any kind of bargain hunt at the moment
  • New high in our WSC Inflation Proof Retirement Portfolio

Market Review |

U.S. stocks finished another week in negative territory. The Dow Jones Industrial Average declined 2.0% during the week to end at 32,944.19. The blue-chip index posted its fifth consecutive weekly decline. The S&P 500 Index dropped 2.9% from the prior Friday’s close to finish at 4,204.31. The Nasdaq tumbled 3.5% during the week to 12,843.81. The S&P 500 and Nasdaq booked their third straight week of losses, their longest slide since December 2018. Nearly all key S&P sectors finished lower, led by staples. The energy sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 30.8.

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Oversold bounces possible, but no signs of a sustainable bottom visible!

March 6th 2022 |

Key Takeaways

  • No fundamental reason to change our cautious strategic outlook from January 16th
  • Sentiment hits extreme negative levels, thus, the risk for oversold bounces are accumulating
  • Stay on the sideline since the current risk-/reward ratio looks too low to justify any kind of bargain hunt at the moment
  • New high in our WSC Inflation Proof Retirement Portfolio

Market Review |

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 1.3% over the week to 33,614.80. The blue-chip index notched its fourth straight losing week. The S&P 500 booked also a weekly loss of 1.3% to close at 4,328.87. The Nasdaq slumped 2.8% for the week to end at 13,313.44. Among the key S&P sectors, energy was the best weekly performer, while the financial sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 32.

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