New all-time high is backed by a broad basis!

December 15th 2019

Market Review

U.S. stocks finished the week in positive territory with the main benchmarks posting record highs on Friday. The Dow Jones Industrial Average gained 0.4 percent over the week to 28,135.38. The S&P 500 recorded a weekly rise of 0.7 percent to finish at 3,168.80. The Nasdaq advanced 0.9 percent for the week to close at 8,734.88. Most key S&P sectors finished higher, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.6.

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All good, as the S&P 500 just closed 0.3 percent below its all-time high!?

December 8th 2019

Market Review

Last week, all three major U.S. averages finished a volatile week nearly unchanged. The Dow Jones Industrial Average lost 0.1 percent during the week to close at 28,015.06. Friday’s performance was the Dow’s best since Oct. 4, when it rallied 1.4 percent. The S&P 500 managed to eke out a weekly gain of 0.2 percent to close at 3,145.91. On Friday the broad index booked its biggest one-day gain since Oct. 15. The Nasdaq lost 0.1 percent for the week to end at 8,656.53. The benchmarks also closed just below their record highs reached Nov. 27. The S&P 500 was just 0.3 percent away from hitting an all-time high. The Dow and Nasdaq are both 0.6 percent off their records. Of the 10 sectors in the index, the energy sector led decliners, while industrials led advancers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.6.

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Correction risk has diminished significantly as tape condition strengthened!

December 1st 2019

Market Review

U.S. stocks finished the holiday-shortened week in positive territory, with all three benchmarks reaching further minor all-time highs during the week. The Dow Jones Industrial Average added 0.6 percent for the week to end at 28,051.41. The S&P 500 advanced 1.0 percent from last Friday’s close to finish at 3,140.98. The Nasdaq climbed 1.7 percent over the week to 8,665.47. Most key S&P sectors ended in positive territory for the week. The energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.6.

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Correction risk is increasing on a fast pace! Time to place a stop-loss immediately!

November 24th 2019

Market Review

U.S. stocks finished the week slightly in negative territory with the main benchmarks posting their first weekly decline in over a month. The Dow Jones Industrial Average lost 0.5 percent over the week to 27,875.62, snapping a four-week winning streak. The S&P 500 recorded a weekly loss of 0.3 percent to finish at 3,110.29, halting six weeks of gains. The Nasdaq retreated 0.3 percent for the week to finish at 8,519.88, ending its seven-week advance. Among the key S&P sectors, health care was the best weekly performer, while materials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.3.

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The S&P 500 reached a new high, but the air is getting thinner!

November 10th 2019

Market Review

U.S. stocks continued to rally, pushing the major indexes to new record highs. The Dow Jones Industrial Average posted a three-week winning streak and rose 1.2 percent to 27,681.20 last week. The S&P 500 rose for a fifth straight week, gaining 0.9 percent to 3,093.08. The Nasdaq rose 1.1 percent during the week to 8,475.31, extending its weekly winning streak to six. Most key S&P sectors ended in positive territory for the week, led by financials. Utilities led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 12.1.

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Stocks rallied for the week, pushing the S&P 500 to a new record high!

November 3rd 2019

Market Review

In line with our latest call, U.S. stocks rallied for the week, pushing the S&P 500 and the Nasdaq to new record highs. For the week, the Dow Jones Industrial Average rose 1.4 percent to 27,347.36. The S&P 500 climbed 1.5 percent for week to a record high of 3,066.91. The Nasdaq increased 1.7 percent from last Friday close to an all-time high of 8,386.4. Most key S&P sectors ended in positive territory for the week, led by the health care sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 12.3.

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Expect to see a new all-time high soon!

October 27th 2019

Market Review

U.S. stocks finished the week with solid gains. The S&P 500 rose 1.3 percent to 3,022.55, just closing 3 points below its latest closing high in July. The Dow Jones Industrial Average ended the week with a gain of 0.8 percent, at 26,958.06. The Nasdaq advanced 1.8 percent from last Friday’s close to finish at 8,243.12. Most key S&P sectors ended in positive territory for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 12.65.

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Ingredients for a new high scenario are accumulating!

October 20th 2019

Market Review

All three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average fell sharply on Friday (more than 255 points) to 26,770.20 and declined, therefore, 0.2 percent for the week. The S&P 500 increased 0.5 percent for the week to finish at 2,986.20. The Nasdaq Composite closed at 8,089.54 and scored a 0.4 percent gain for the week. Both indexes were able to post modest gains for the week despite Friday’s decline. Among the key S&P sectors, health care was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded below 14.5.

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The S&P 500 closed just 2 percent below its all-time high, but …

October 13th 2019

Market Review

U.S. stocks finished the week with gains, whereas the Dow Jones Industrial Average and the S&P 500 managed to snap a three-week losing streak. The Dow Jones Industrial Average booked a 0.9 percent weekly gain to end at 26,816.59. The S&P 500 recorded a weekly climb of 0.6 percent and closed at 2,970.27. The Nasdaq ended the week up 0.9 percent and closed at 8,057.0. Most key S&P sectors ended in positive territory for the week led by materials. Utilities led the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.6.

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Impulsive rally in place!

October 6th 2019

Market Review

U.S. averages finished a quite volatile week with a mixed performance. The Dow Jones Industrial Average lost 0.9 percent over the week, to end at 26,573.72. The S&P 500 declined 0.3 percent for the week to finish at 2,952.01. Both, the Dow Jones Industrial Average and the S&P 500 posted their third down week. The Nasdaq closed at 7,982.47, ending the week 0.5 percent higher and snapping a two week losing streak. Among the key S&P sectors, health care was the best weekly performer, while energy dragged the most. The CBOE Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 17.

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