Expected Recovery in Place! S&P 500 clinched its best week since November!

April 28th 2024 |

Key Takeaways

  • Market is moving in line with our expectations
  • Recovery rally looks sustainable in its nature – at least for now
  • Strategic positive outlook remains unchanged

Market Review |

In line with our latest call, the market was in bounce mode last week. Adding 0.7% on a weekly basis, the Dow Jones Industrial Average closed at 38,239.66. The S&P 500 finished at 5,099.96 and increased by a whopping 2.7% last week snapping a three-week losing streak. The Nasdaq jumped 4.2% for its first positive week in five, closing at 12,221.91. The S&P 500 and Nasdaq clinched their best week since November. All key S&P sectors ended in positive territory for the week, led by the technology sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.0. Read More

Further down-testing possible but fear is already reaching contrarian levels!

April 21st 2024 |

Key Takeaways

  • Current consolidation/sell-off still looks healthy in its nature
  • Fear among market participants is already approaching contrarian levels
  • Strategic positive outlook remains unchanged

Market Review |

U.S. averages finished the week mostly lower. The Dow Jones Industrial Average eked out a tiny gain of less than 0.1% for the week, closing at 37,986.40. The S&P 500 fell 3.1% from last Friday's close to 4,967.23, posting its worst weekly performance since March 2023. The Nasdaq slumped 5.5% this week and finished at 15,282.01. The tech-heavy index posted its fourth straight down week, its longest negative streak since December 2022. Among the key S&P sectors, the utilities sector was the best weekly performer, while the technology sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.7. Read More

Short-term more down testing possible but market condition remains healthy!

April 14th 2024 |

Key Takeaways

  • Longer-lasting consolidation with increased down-testing possible
  • Currently, any upcoming consolidation looks healthy in its nature
  • Strategic positive outlook remains unchanged

Market Review |

All major indices finished the week in the red. The Dow Jones Industrial Average shed 2.4% over the week to 37,983.24. The S&P 500 booked a weekly loss of 1.6% to finish at 5,123.41. The Nasdaq declined 0.5% for the week to end at 16,175.09. All key S&P sectors ended in negative territory for the week, led by the financial sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished the week increased to 17.3. Read More

No need to panic as outlook remains positive!

April 7th 2024 |

Key Takeaways

  • Latest weakness just part of a short-lived breather
  • Further volatile sessions possible until momentum gears up again
  • Strategic positive outlook remains unchanged

Market Review |

Despite Friday's gains, all three major indexes finished the week with losses. The Dow Jones Industrial Average slid 2.3% over the week to 38,904.04. The S&P 500 closed at 5,204.34 and posted a 1% weekly loss. The Nasdaq lost 0.8% this week to end at 16,248.52. Besides the energy and comm. services sector, all key S&P sectors were negative for the week, led by the health care sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16. Read More