TECHNICAL ANALYSIS Major Indices Week of June 2, 2023 Stocks finished out another whipsaw week with sharp rallies in Friday’s session, carrying the S&P500 to the highest daily close since 21 April, 2022. The market set a short-term swing high in Tuesday’s minor timing and now we are in a CRITICAL window where there may … Read more
MARKETS TODAY June 1st, 2023 (Vica Partners) Yesterday, US Markets finished lower, S&P 500 -0.61%, DOW -0.41% and the Nasdaq -0.63%. 7 of 11 of the S&P 500 sectors lower: Energy -1.88% underperformed/ Utilities +0.96% outperformed. Defensive Sectors and Gold gained. In economic news, Chicago PMI fell more than expected but JOLTS job openings unexpectedly … Read more
MARKETS TODAY May 18th, 2023 (Vica Partners) Yesterday US Markets finished higher, S&P 500 +1.19%, DOW +1.24% and the Nasdaq +1.28%. 8 of 11 of the S&P 500 sectors higher, Energy +1.63% and Industrials +1.58% outperform/ Utilities -0.54% lags. Russel 2000 +2.21%. Treasury Yields. USD Index, Oil and Bitcoin gain. In economic news, Housing Starts/building … Read more
MARKETS TODAY May 11th, 2023 (Vica Partners) Yesterday, US Markets finished mixed S&P 500 +0.45%, DOW -0.17% and the Nasdaq +1.04%. 6 of 11 of the S&P 500 sectors higher: Information Technology outperforms/ Energy lags. On the upside, mega cap growth rallied continued with NY FANG+ > 1.9%, the Semiconductor ETF (SOXX) >1%. Treasury Yields, … Read more
MARKETS TODAY May 8th, 2023 (Vica Partners) Last Friday, US Markets finished sharply higher, the S&P 500 +1.85%, DOW +1.65%, Nasdaq +2.25%. All 11 of the S&P 500 sectors gained, Energy and Financials outperformed. Yields rose, Oil >4% and Bitcoin >2%. In economic news, U.S. job growth picked up in April while wage gains increased. … Read more
MARKETS TODAY April 26th, 2023 (Vica Partners) Yesterday US Markets finished lower. All 11 of the S&P 500 sectors fell, Materials and Information Technology led decliners. SPDR S&P Banking ETF (KRE) was down >4%. Treasury Yields across the curve fall. Oil and the Bloomberg Commodity Index sharply decline. On the upside Bitcoin and Gold gain and … Read more
Pro Tip: Momentum investing The main rationale behind momentum investing is that once a trend is well-established, it likely to continue! Momentum investing, buying on positive performance and selling off on trend. Research has shown that momentum trading has an edge in the stock market when used over a short timeframe, such as 3-12 months, … Read more
MARKETS TODAY April 24th, 2023 (Vica Partners) Last Week, Indices mostly unchanged, the S&P 500 -0.09% the smallest weekly range in 19 months. We did see broader market upsides as the Volatility Index @15 week low while greed continues to dominate buying sentiment. Earnings summary to date, 18% of S&P 500 companies reported with 75% … Read more
MARKETS THIS WEEK April 22nd, 2023 (Vica Partners) Takeaways Mixed economic releases indicating more recessionary than inflationary Muted performance, S&P 500 -0.09%, Dow -0.36%, Nasdaq -0.30% Sectors, Consumer Staples +1.68%, Real Estate +1.59% outperform/ Communication Services -3.05%, Energy -2.54% lag SPDR S&P Regional Banking ETF ^KRE +1.75% … in the FDIC we trust! YTD … Read more
TECHNICAL ANALYSIS Major Indices Week of April 14, 2023 Stocks sold off on Friday to relieve some overbought short-term conditions, but the major indices all ended the week higher. The Dow closed up +1.20%, the S&P was up +0.80 and the Nasdaq up +0.30 for the week. Prices moved away from the key timing point … Read more