Time to take profits!

July 21st 2019

Market Review

U.S. stocks closed the week slightly lower. For the week, the Dow Jones Industrial Average slid 0.6 percent to 27,154.20. The S&P 500finished at 2,976.61 and posted a weekly drop of 1.0 percent. The Nasdaq declined 1.0 percent from the week-ago close to 8,146.49. Most key S&P sectors finished lower, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.5.

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The S&P 500 closed above 3,000 for the first time!

July 14th 2019

Market Review

U.S. stocks posted solid gains for the week with the major indexes passing multiple milestones and reaching new record highs. The Dow Jones Industrial Average added 1.5 percent over the week to end at 27,332.03. The Dow Jones Industrial Average closed above 27,000 for the first time on Thursday. The S&P 500 recorded a weekly 0.8 percent gain to close at 3,013.77. This week, the broad index notched its first close above 3.000. The Nasdaq advanced 1.0 percent from last Friday’s close to finish at 8,244.14. Among the key S&P sectors, energy was the greatest gainer for the week, while health care led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.4.

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The market is moving right in line with our outlook!

July 7th 2019

Market Review

U.S. stocks finished the week in positive territory, with all three benchmarks reaching all-time highs during the week. The Dow Jones Industrial Average added 1.2 percent for the week to end at 26,922.12. The S&P 500 advanced 1.7 percent from last Friday’s close to finish at 2,990.41. The Nasdaq climbed 1.9 percent over the week to 8,161.79. All three equity gauges finished at all-time highs on Wednesday. Most key S&P sectors ended in positive territory for the week, led by technology. The energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.3.

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Consolidation mode close to end!

June 30th 2019

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.4 percent to close at 26,599.96. The 30-stock index rallied more than 7 percent this month and 14 percent for the first half. The S&P 500 recorded a weekly decline of 0.3 percent to end at 2,941.74. For the month, the S&P 500 jumped 6.9 percent, its best June performance since 1955. The broad index is also up more than 17 percent this year. The Nasdaq also lost 0.3 percent for the week to end at 8,006.24 but rallied 7.4 percent this month. Among the key S&P sectors, materials was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 15.1.

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The S&P 500 and the WSC All Weather Portfolio reached a new all-time high!

June 23rd 2019

Market Review

After a short-lived consolidation period on Monday, U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 2.4 percent to close at 26,719.13. The S&P 500 advanced 2.2 percent over the week to 2,950.46. Both, the Dow Jones Industrial Average and the S&P 500 reached an all-time high during the week. The Nasdaq rose 3.0 percent over the past five days to 8,031.71. All three main benchmarks are also up for a third week in a row. All key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.4.

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Stronger tape improvements all across the board!

June 16th 2019

Market Review

All three major U.S. averages finished the week with gains. For the week, the Dow Jones Industrial Average eked out a gain of 0.4 percent to end at 26,089.61. The S&P 500 returned 0.5 percent for the week to finish at 2,886.98. The Nasdaq advanced 0.7 percent for the week to finish at 7,796.66. All indexes gained for a second week in a row. Among the key S&P sectors, discretionary and utilities were the best weekly performers, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.

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The WSC All Weather Portfolio reached a new all-time high last week!

June 9th 2019

Market Review

U.S. stocks wrapped a turbulent week. After closing in outright negative territory on Monday, all three major U.S. averages recovered on Tuesday and finally finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 4.7 percent to end at 25,983.94. The S&P 500 returned 4.4 percent during the week and finished at 2,873.34. The Nasdaq climbed 3.9 percent from the week-ago close to end at 7,742.1. All 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, traded near 16.3.

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Dow plummeted 3 percent for the week! No signs for a sustainable bottom yet!

June 2nd 2019

Market Review

U.S. stocks finished the week with sharp losses. The Dow Jones Industrial Average plummeted 3.0 percent over the week to 24,815.04. The S&P 500 dropped 2.6 percent to finish at 2,752.06. The Nasdaq slid 2.4 percent for the week to end at 7,453.15. All key S&P sectors finished in the red for the week, dragged by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 18.7.

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Make or break set-up is forming! Time to get cautious!

May 26th 2019

Market Review

U.S. stocks finished the week in negative territory. The Dow Jones Industrial Average declined 0.7 percent during the week to end at 25,585.69. The S&P 500 Index lost another 1.2 percent from the prior Friday’s close to finish at 2,826.06. The Nasdaq tumbled 2.3 percent during the week to 7,637.01. Most key S&P 500 sectors finished lower, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.9.

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Bottom building process in force but bullish impulses are missing as well!

May 19th 2019

Market Review

U.S. stocks wrapped a volatile week and all three major U.S. averages finished the week finally in negative territory. The Dow Jones Industrial Average declined 0.7 percent over the week to 25,764. The S&P 500 recorded a weekly loss of 0.8 percent to finish at 2,859.53. The Nasdaq lost 1.3 percent for the week to end at 7,816.28. Most key S&P sectors ended in negative territory for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.

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