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Weekly Market Update 01/12/2020

The S&P 500 gained 0.94% this week with Friday's close at 3,265.35. Friday's close is yet another new all-time high weekly close. The price action this week was rather wild, and the tensions with Iran took center stage. The S&P 500 opened the week negatively on Monday, gapping down by -0.53...

Weekly Market Update 01/05/2020

The S&P 500 declined -0.16% this week with Friday's close at 3,234.85. This week's decline is just the second weekly decline over the last 13 trading weeks. The index traded as high as 3,258.14 on Thursday, a fresh all-time high, only to then reverse to the downside on Friday. Friday saw the S...

Weekly Market Update 12/29/2019

The S&P 500 gained 0.58% this week with Friday's close at 3,240.02. Friday's close is yet another fresh all-time high weekly close. The index has now closed 8 of the last 9 weeks at new all-time highs, and has increased 11 of the last 12 weeks. Relentless remains the first word that comes to...

Weekly Market Update 12/22/2019

The S&P 500 gained 1.65% this week with Friday's close at 3,221.22. Friday's close is a new all-time high daily and weekly close. The index has now increased four consecutive weeks, and 10 of the last 11 overall. The lone weekly decline since early October was a -0.33% decline over the week...

Weekly Market Update 12/15/2019

The S&P 500 gained 0.73% this week with Friday's close at 3,168.80. Friday's close is a new all-time high daily and weekly close. In our previous Update, we wrote that last week's upside reversal reeked of "accumulation", and that it was suggestive of further drawup over this past week. The S...

Weekly Market Update 12/8/2019

Steve here. Before we get into the markets this week, I'd like to share some huge personal news for a family member of mine. Over the last 15 years, I've spent more time with Rick Nerad than anyone else. He's become far more than a friend, he's a brother. He's one of the most kind, caring,...

Weekly Market Update 12/01/2019

The S&P 500 gained 0.99% this week with Friday's close at 3,140.98. Friday's close is another fresh new all-time high weekly close. The index has now increased seven of the last eight trading weeks, and is higher by 9.98% from October 3rd's low at 2,855.94. This week saw the first trade of the...

Weekly Market Update 11/24/2019

The S&P 500 fell -0.33% this week with Friday's close at 3,110.22. We came into this week on a six-week winning streak, and fell just short of making it to seven. The index traded narrowly again this week, with a weekly high at 3,127.64 on Tuesday and a weekly low at 3,091.41 on Thursday, a...

Weekly Market Update 11/17/2019

The S&P 500 gained 0.88% this week with Friday's close at 3,120.38. Friday's close is yet another all-time high weekly close, the third in a row for the index. The index has now increased 6 weeks in a row, the first 6-week winning streak since October of 2017. This week was more of the same for...

Weekly Market Update 11/10/2019

The S&P 500 gained 0.85% this week with Friday's close at 3,093.03. Friday's close is a fresh new all-time high daily and weekly close. The index has now increased five weeks in a row and is higher by 8.17% the last 25 trading days (slightly more than one month). Volatility was again muted this...

Weekly Market Update 10/27/2019

The S&P 500 gained 1.21% this week with Friday's close at 3,022.42. Friday's close is the second highest daily and weekly close in the history of the index, and is just 3.44 points below our all-time high weekly close at 3,025.86 from July 26th of this year. The index opened favorably on Monday...

Weekly Market Update 10/20/2019

The S&P 500 gained 0.54% this week with Friday's close at 2,986.20. The index recorded its weekly low on Monday at 2,962.94, and then traded up to its weekly high on Thursday morning at 3,008.29. However, the index would cool off the remainder of Thursday's session, and a red Friday left...