2021-04-18 Sunday

WEEKLY MARKET OVERVIEW The S&P500 (SPY) posted another record week and still looking very extended on the upside. At the same time the volatility index (VIX) is still trading lower and now in the 15-16 range. All of this seems to be a perfect setup for an upcoming pullback. Weekly performance (Week 15/2021)– SPY (S&P500) +1.40%– QQQ (Nasdaq100) +1.45%– DIA (Dow …

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2021-03-28 Sunday

WEEKLY MARKET OVERVIEW For the most part of the week, the S&P500 (SPY) has been trading lower, still pulling back to the trend line that has been holding as support since the US presidential elections. On Thursday, a gap down at the opening followed by a sharp price decline, rather than triggering a wave of …

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