NNOX

2021-04-11 Sunday

WEEKLY MARKET OVERVIEW Another strong week for the markets with S&P500 (SPY) and Dow Industrial (DIA) pushing to fresh new all-time highs, and starting to look very extended on the upside. Mega tech stocks (QQQ) have been the weekly leaders and now are about to test resistance at former all-time highs. Small caps (IWM) have …

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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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2021-03-21 Sunday

WEEKLY MARKET OVERVIEW Inside last Weekly Report I wrote: “with most indices in overbought territory, some sort of consolidation or minor pullback would be normal and acceptable.” This is exactly what happened this week with the S&P500 (SPY) pulling back to oversold territory and just above the trend line that has been holding as support …

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2021-03-07 Sunday

WEEKLY MARKET OVERVIEW Last week has been another wild one. After a gap up and a strong green day on Monday, we got three and a half scary days with deep selling pressure, with finally some relief only in the second part of Friday’s session. Despite the rollercoaster of the last three weeks, the S&P500 …

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