Stay Alert As The Market Is Getting An Increasingly Corrective Tilt!

August 27th 2023 |

Key Takeaways

  • Market looks outright vulnerable for stronger disappointments
  • Keep the stop-loss at 4,320 (intraday)
  • New allocations in our Model Portfolios

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.5% during the week to close at 34,346.90. The S&P 500 eked out a weekly gain of 0.8% to finish at 4,405.71. The Nasdaq advanced 2.3% for the week and closed at 13,590.65. Among the key S&P sectors, the technology sector was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 15.7. Read More

Make Or Break Set-Up Is Forming – Bounce Will Give Further Guidance

August 20th 2023 |

Key Takeaways

  • Make or break set-up is forming
  • Time to place a stop-loss at 4,320 (intraday)
  • Buy signal for energy in our Sector Rotation Strategy

Market Review |

U.S. stocks finished the week with losses. The Dow Jones Industrial Average fell 2.2% this week to 34,500.66. The S&P 500 retreated 2.1% for the week to finish at 4,369.71. The tech-heavy Nasdaq posted a 2.6% loss for the week and finished at 13,290.78. Nearly all key S&P sectors ended in negative territory for the week, led by the discretionary sector. Energy was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.7. Read More

Further Consolidation Into Deeper August As Sentiment Remains Too High

August 13th 2023 |

Key Takeaways

  • Unchanged positive outlook despite short-term consolidation expected.
  • No signs of capitulation; downside potential limited.
  • Mid-term market condition remains robust, supporting positive tone.

Market Review |

The consolidation period continued last week as major indexes finished the week with a mixed performance. The Dow Jones Industrial Average squeaked out a weekly gain of 0.6% to close at 35,281.40. The S&P 500 declined 0.3% during the week to end at 4,464.05. The Nasdaq lost 1.9% for the week to end at 13,644.85. Among the key S&P sectors, the energy sector was the best weekly performer, while technology dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 14.8. Read More

Seasonal Headwinds In Place But Set-Up Remains Positive

August 6th 2023 |

Key Takeaways

  • Our positive outlook remains unchanged
  • Sentiment looks a bit stretched at the moment
  • Consolidation into mid-August possible

Market Review |

The major U.S. indices finished the week in the red. The Dow Jones Industrial Average shed 1.1% over the week to 35,065.62. The S&P 500 booked a weekly loss of 2.3% to finish at 4,478.03. The Nasdaq plummeted 2.9% for the week to end at 13,909.2. Except energy, all key S&P sectors ended in negative territory for the week, led by the utilities sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 17.1. Read More