Weekly Market View

The SPX closed lower by -3% for the week that saw everyday close lower for one of the uglier weeks of the past year but not all that surprising based on what we have been seeing and warning of transpiring into the more bearishly tilted options market in a negative...

The SPX closed lower by about -2% on the week after a series of short covering bursts saw the index rally off support of 5150 but ultimately making a lower high each time and then seeing risk culminate Friday in a minor panic selloff which closed right near our...

The SPX closed lower by about -1% on the week after a volatile range expanded to the downside and cracked the expected move for the week before rebounding somewhat Friday to close right near the key 5200 level. This line in sand will be a good spot to assess market...

The SPX closed higher for the week by +2.3% after a strong blowoff type move after the FOMC statement that saw a spike in 52-week highs on the NYSE, the highest in nearly 3 years. Often a signal of strong market health longer term but a short-term exhaustion clue....

The SPX closed a volatile week basically unchanged and down slightly by -0.13% overall after seeing an early week bounce fade just before the prior week’s high so technically an inside week candle printed showing indecision. That is two weekly candles in a row now...

The SPX closed lower on Friday after a somewhat volatile week that tested both the lower bound of the expected move for the week and nearly hitting 5200 to the upside before closing slightly lower for the week by -0.25% at 5123. The market formed a wide range doji...

The SPX closed higher for the week by just about +1% and most of that gain coming Friday as the index closed at fresh highs after a largely quieter early week that consolidated on top of weekly value support and the 8 EMA held a midweek dip before PCE inflation data...

The SPX closed higher for the week after a sharp decline started the shortened holiday week, but NVDA saved the day with its stronger earnings report even as the Nasdaq overall felt soft until the report. For now, SPX support is crucial to hold above 5040 as a key...

The SPX closed lower for the week by -0.3% after recovering the steep selloff on Tuesday to nearly finish unchanged on the week. Overall, the options expiration for February may have support the markets more than otherwise may have been seen and now with seasonally...

The SPX closed higher for the week by +1.4% to register the first closing week above the 5000 level ever. The momentum in Tech being a driving factor continues to lift the index to new highs as earnings season winds down and the continued chase for outperformance from...