WEEKLY MARKET OVERVIEW With the new US president finally at the White House, this four trading days week has seen most indices recovering from the previous week’s losses and back to a test of all-time highs. Weekly performance:– SPY (S&P500) +1.91%– QQQ (Nasdaq100) +4.35%– DIA (Dow Jones Industrial) +0.60%– IWM (Small Caps) +2.02% The SP500 (SPY) broke out to all-time highs on the …
Overall in the second week of 2021, the markets have been consolidating. On Friday we saw a pullback attempt with most indices gapping down at the opening but recovering most of the losses by the close. Mega-tech-stocks (QQQ) have been lagging while small caps continued to push to new all-time highs being once again the …
After Monday’s selloff on Tuesday bulls got back in control recovering about half of the losses from the previous day. Still early to determine if the panic is over but at least we saw the first step in that direction. Usually, corrections are fast and sharp with multiple days of selling in a row. That …
