admin No Comments

April 24th 2022 |

Market Review |

As highlighted in our latest call, U.S. stocks finished another week with deep losses. The Dow Jones Industrial Average slumped 1.9% over the week to 33,811.40. The blue-chip average posted its fourth straight weekly decline and its ninth losing week of the last 11. The S&P 500 closed at 4,271.78 and posted a 2.8% weekly loss, marking its third straight one-week decline. The Nasdaq plunged 3.8% this week to end at 12,839.29. Nearly all key S&P sectors were negative for the week, staples and real estate were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 28.2.

Short-Term Technical Condition

After the renewed selling pressure, the short-term down-trend of the market remains well in force. From a purely price point of view, we can see that the S&P 500 closed 183 points (!!!) below the bearish threshold from the Trend Trader Index. In this context, the price trend of the S&P 500 looks …  READ MORE

 


Become a Member to Fully Read our Latest Market Regime Outlook.

Enough reasons why you should subscribe to WallStreetCourier!

  1. Uncover the Big Picture immediately.
  2. Capitalize on on sustained regime-based trends and identify major shifts in a timely manner.
  3. Minimize the risk of unfavorable entry- or exit points, while maximizing return opportunities.
  4. Be forewarned & forearmed with our actionable Weekly Market Outlook.
  5. Achieve maximum diversification across all market regimes with our easy-to-follow ETF Model Portfolios.
  6. Identify high reward and low risk market regimes in 45 futures market with our CoT Indicators & Dashboard.
  7. Learn with and from experts.
  8. Absolutely no clauses or hidden fees and no bad surprises – Enjoy a 100% money back guarantee of 7 days!
  9. Subscriptions can also easily be cancelled any time after.
  10. Adapt your trading to market regimes and not to emotions.

Sign up now to Fully Read our Market Regime Outlook