Expect to see further gains down the road!

January 27th 2019

Market Review

U.S. stocks finished the week nearly unchanged. The Dow Jones Industrial Average eked out a small weekly gain of 0.1 percent to finish at 24,737.20. The blue-chip index recorded its fifth week of gains. The S&P 500 declined 0.2 percent from the week ago close to end at 2,664.76. The Nasdaq gained 0.1 percent over the week and ended at 7,164.86. Among key S&P sectors, technology and utilities led the gainers, while energy and staples dragged. The CBOE Volatility Index, a gauge for U.S. stock volatility known as the VIX, traded near 17.4. Read More

Market is moving right in line with our outlook!

January 20th 2019

Market Review

After a short-lived consolidation at the beginning of the week, U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 3.0 percent over the week to close at 24,706.35. The S&P 500 jumped 2.9 percent for the week to finish at 2,670.71. The Nasdaq advanced 2.7 percent over the past five days to end at 7,157.23. Most key S&P sectors ended in positive territory for the week, led by financials. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 18. Read More

Market has to digest the strong rally! Period of consolidation ahead!

January 13th 2019

Market Review

All three major U.S. averages posted solid weekly gains. The Dow Jones Industrial Average booked a weekly gain of 2.4 percent to close the week at 23,995.95. The S&P 500 increased 2.5 percent for the week to end at 2,596.26. The Nasdaq produced a weekly return of 3.5 percent to finish at 6,971.48. All key S&P sectors finished higher, led by industrials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.2. Read More

Important low in place as bounce was broadly confirmed by market tape!

January 6th 2019

Market Review

U.S. stocks closed the first week of the year with solid gains. The Dow Jones Industrial Average added 1.6 percent over the holiday-shortened week to end at 23,433.16. The S&P 500 recorded a weekly 1.9 percent gain to close at 2,531.94. The Nasdaq advanced 2.3 percent from last Friday's close to finish at 6,738.86. Among the key S&P sectors, energy was the greatest gainer for the week, while utilities was the only negative sector for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 21.4. Read More