Quality of the current uptrend still looks exceptional strong for now!

August 25th 2024 |

Key Takeaways

  • Further confirmation for our positive outlook!
  • Seasonal headwinds possible but no major deal-breaker visible for now.
  • New all-time highs in two model-portfolios

Market Review |

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average finished at 41,175.08 and surged nearly 1.3% this week. The S&P 500 gained 1.5% over the same period and finished at 5,634.61. Closing at 17,877.79, the Nasdaq booked a 1.4% weekly rise. Nearly all key S&P sectors ended in positive territory for the week, led by the real estate sector. The energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.9. Read More

Further bottom confirmation after the capitulation from last week

August 18th 2024 |

Key Takeaways

  • Further bottom confirmation
  • Recovery rally part of new uptrend
  • Positive outlook remains unchanged

Market Review |

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average finished at 40,659.76 and rallied 2.9% this week. The S&P 500 jumped 3.9% over the same period and finished at 5,554.25, its best week since November 2023. Closing at 17,631.72, the Nasdaq rocketed 5.2% for the week. 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, plummeted to 14.8. Read More

Typical signs of capitulation visible

August 11th 2024 |

Key Takeaways

  • Stronger signs of capitulation last week
  • Downside potential looks quite capped
  • Positive outlook remains unchanged

Market Review |

All three major U.S. indexes finished the most volatile week of 2024 nearly unchanged after a strong rebound from Monday’s sell-off. After tumbling 1,000 points on Monday, the Dow Jones Industrial Average finally recovered and closed at 39,497.54, down 0.6% for the week. The S&P 500, which lost 3% on Monday, finally finished at 5,344.16 and ended the week down just 0.04%, nearly completely reversing its weekly losses. The Nasdaq declined 0.2% from last Friday's close and finished at 16,745.30. Among the key S&P sectors, the industrials sector was the best weekly performer, while the materials sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20.3 on Friday, after reaching 38.6 on Monday. Read More

Stay calm at least for now as broad market still looks quite robust!

August 4th 2024 |

Key Takeaways

  • Positive outlook remains unchanged for now
  • Current decline still driven by profit taking
  • Further sentiment driven down testing possible

Market Review |

U.S. stocks finished a tough week in red. The Dow Jones Industrial Average declined 2.1% for the week to 39,737.26. The S&P 500 retreated 2% from last Friday's close to finish at 5,346.56. The Nasdaq posted a 3.4% loss for the week and finished at 16,776.16. The Nasdaq is the first of the three major benchmarks to enter correction territory, down more than 10% from its record high. The S&P 500 and Dow were 5.7% and 3.9% below their all-time highs, respectively. 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, jumped to 23.4. Read More