Month: May 2023

May 28th 2023 |

Key Takeaways

• S&P 500 Is Only Carried By Single Tech Names
• Market still remains extremely vulnerable for negative surprises
• Regime only suitable for tactical trades since risk/reward for strategic investments remains below average.

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 1.0% during the week to close at 33,093.34. The S&P 500 eked out a small weekly gain of 0.3% to finish at 4,205.45. The Nasdaq advanced 2.5% for the week and finished at 12,975.69. Most key S&P sectors finished in negative territory, led by the staples sector. Technology, discretionary and comm. services were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18. Read More

May 21st 2023 |

Key Takeaways

• Current level of the S&P 500 is still built on weak ground.
• Market still remains extremely vulnerable for negative surprises, despite minor improvements.
• Regime only suitable for tactical trades since risk/reward for strategic investments remains below average.

Market Review |

U.S. stocks ended the week with gains. The Dow Jones Industrial Average eked out a small weekly gain of 0.4% to end at 33,426.63. The S&P 500 added 1.7% in that period to close at 4,191.98. The Nasdaq increased 3.0% from last Friday's close to 12,657.90. Among the key S&P sectors, the technology sector was the best weekly performer, while utilities dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 16.8. Read More

May 14th 2023 |

Key Takeaways

• Situation remains tense.
• Negative divergences continued to pile up.
• S&P 500's strength is solely dependent on a few mega-cap techs.
• Risk for stronger negative surprises remains high.

Market Review |

U.S. averages finished another week mostly lower. The Dow Jones Industrial Average lost 1.1% during the week to close at 33,300.62. The S&P 500 fell 0.3% from last Friday's close to 4,124.08. The Nasdaq eked out a small weekly gain of 0.4% and finished at 12,284.74. Most key S&P sectors finished in negative territory, led by the Energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 17. Read More

May 7th 2023 |

Key Takeaways

• Market is getting out of gear, as negative divergences are piling up!
• Risk for stronger negative surprises remain high.
• Risk/reward of the current market regime remains below average

Market Review |

U.S. averages finished the week mostly lower. The Dow Jones Industrial Average lost 1.2% over the week to end at 33,674.38. The S&P 500 declined 0.8% from last week's close to finish at 4,136.25. Both, the Dow and the S&P 500 logged their worst week since March. The Nasdaq closed at 12,235.41, posting a 0.1% weekly gain. Most key S&P sectors finished lower. The technology sector was the best weekly performer, while energy dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 17.2. Read More