SPY

2021-05-16 Sunday

WEEKLY MARKET OVERVIEW The S&P500 (SPY) started the week with three scary sessions, but when the panic was spreading across the market, things started to get better, and a couple of green days recovered most of the weekly losses. So far, the overall uptrend remains in place. Weekly performance (Week 19/2021)– SPY (S&P500) -1.31%– QQQ (Nasdaq100) -2.34%– DIA (Dow Jones Industrial) …

2021-05-16 Sunday Read More »

2021-05-09 Sunday

WEEKLY MARKET OVERVIEW After a few weeks of trading near the $420 level, the S&P500 (SPY) finally broke out to all-time highs on Friday. Despite missed expectations on the monthly employment report, investors’ confidence remains high, and money printing keeps fueling this bull market. Once again, price action appears extended to the upside, but so …

2021-05-09 Sunday Read More »

2021-05-02 Sunday

WEEKLY MARKET OVERVIEW Not much changed in the market during last week with the S&P500 (SPY) consolidating near all-time highs in a pretty tight range. Aside from Thursday, all sessions posted very short candles with small bodies. After the upward run of the previous weeks, this behavior looks like normal digestion of recent gains.  Weekly …

2021-05-02 Sunday Read More »

2021-04-25 Sunday

WEEKLY MARKET OVERVIEW The presidential election market run is still in place. After a shallow drop of the S&P500 (SPY) at the beginning of the week, the price recovered most of the weekly losses by the closing bell on Friday.  Weekly performance (Week 16/2021)– SPY (S&P500) -0.12%– QQQ (Nasdaq100) -0.76%– DIA (Dow Jones Industrial) -0.42%– IWM (Small Caps) +0.49% The volatility index (VIX) …

2021-04-25 Sunday Read More »

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 …

2021-04-18 Sunday Read More »

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 …

2021-04-11 Sunday Read More »

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 …

2021-03-28 Sunday Read More »

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 …

2021-03-21 Sunday Read More »

2021-03-14 Sunday

WEEKLY MARKET OVERVIEW After a few tough weeks bulls look to be back in control and pushing most indices to new all-time highs. Despite the overall market recovery, mega tech stocks (QQQ) are still lagging with money rotating in other areas such as industrial (DIA) and small caps (IWM), both exploding to the upside. Next …

2021-03-14 Sunday Read More »