Increased volatility ahead, but the underlying tone remains bullish!

February 28th 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 1.8% over the week to 30,932.37. The S&P 500 booked a weekly loss of 2.5% to close at 3,811.15. The Nasdaq shed 4.9% for the week to end at 13,192.34. Most key S&P sectors ended in negative territory for the week, led by discretionary. The energy sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 28. Read More

Go with the flow as trend is still backed by a broad basis

February 21st 2021

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average eked out a small gain of 0.1% to close at 31,494.32. The S&P 500 finished the week with a decline of 0.7% to finish at 3,906.71. The Nasdaq slid 1.6% for the week to end at 13,874.46. Among the key S&P sectors, energy was the top performer and health care the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 22.1. Read More

Still enough firepower on the sideline to push prices higher!

February 14th 2021

Market Review

All three major U.S. averages finished the week with decent gains to set another round of record closes. For the week, the Dow Jones Industrial Average advanced 1.0% to end at a record of 31,458.40. The S&P 500 also finished at a new record of 3,934.83 and booked a weekly gain of 1.2%. The Nasdaq advanced 1.7% from the week-ago close to 14,095.47, booking also another record close. Energy led gainers among the S&P’s 10 major sectors; utilities and discretionary were the only negative sectors for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20. Read More

Bull-trap or sustainable recovery? Quality of the recovery will tell!

February 7th 2021

Market Review

U.S. stocks ended the week with solid gains pushing the main indices to new record highs. The Dow Jones Industrial Average added 3.9% percent over the week to end at 31,148.24. The S&P 500 jumped 4.7% in that time period to close at a record high of 3,886.83. The Nasdaq rocketed 6% from last Friday's close to finish at a record high of 13,856.30. All key S&P sectors finished positive for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20.9. Read More