Market Diary

Weekly Market Review: A Glimmer of Hope Amidst Volatility Weekly Market Review: A Glimmer of Hope Amidst Volatility Market Recovery: Bulls Find Solace After three weeks of a relentless downturn, the market finally saw an uptick this week, offering a much-needed breather for both bears and bulls. The Dow Jones Industrial Average rose by 253 points, while the Nasdaq Composite soared by 645 points. The Russell 2000 Index gained 54 points, and the S&P 500 increased by 132 points, marking one of the best weeks of the year for the SPX and NDX. This positive movement has provided some optimism for bulls hoping for a continuation of this trend. However, breadth indicators remain less confident, signaling that investors should remain vigilant and respond prudently to price actions. Technical Analysis: Bearish Signs Persist Despite the recent uplift, both

Weekly Market Review: Week 16 of 2024 Weekly Market Review: Week 16 of 2024 Market Overview: A Turn to the Bears In the 16th week of 2024, the market notably favored bearish trends, marking the third consecutive week of declines—a significant pattern highlighted by the formation of a "Three Black Crows" candlestick pattern in the weekly charts. This pattern, consisting of three long-bodied candlesticks that close progressively lower, is a bearish indicator suggesting a strong reversal in the market. Last week, major indices reflected this downturn: The Dow Jones Industrial Average up by 3 points. The Nasdaq Composite was down by 893 points. The Russell 2000 Index declined by 55 points. The S&P 500 dropped by 156 points. Each trading day of the week ended in the red. Volati

Weekly Market Review: Bears Gain Ground Weekly Market Review: Bears Gain Ground A Shift in Market Trends In the week of 15th, in 2024, bears secured their second consecutive victory, indicating a shift in market momentum. While short-term trends point downwards, the long-term view remains cautiously optimistic. Significant index drops included the Dow by 900 points, Nasdaq by 130 points, Russell by 61 points, and S&P 500 by 50 points, with in the last Friday experiencing its second-largest fall this year with 75 points after January 31 st move of 79 points in 2024. Market in the Lower Range Currently, the SPX lingers within the lower bounds of the first standard deviation range, suggesting a forthcoming week of range-bound or downward movement. Global Sentiments Under Pressure Global

Weekly Market Overview Weekly Market Wrap: Bears Take the Lead Bearish Winds Blow Through the Indices Last week, the market was painted in shades of red as the bears took over. The Dow Jones fell by 903 points , while the NDX and SPX saw decreases of 130 and 50 points , respectively, and the RUT followed with a 61-point drop. Volatility Looms on the Horizon : 2024 As of now Amidst the market's general upward trend, there is a lingering presence of volatility. A rise in commodity prices, including copper and oil, signals ongoing inflationary pressure, though the market continues to perform well despite high interest rates. The Fed's Tightrope Walk The Federal Reserve faces the challenge of balancing interest rate cuts to prevent bankruptcies during the upcoming commercial real estate mortgage renewal phase. Currently, there are no signi