Two Weeks Of Gains

Following the prior week's rally that saw +4% gains across the board, the market refused to give up much ground as earnings season continued, oil prices set new highs, and investors look ahead to next week's Fed meeting.

For the week, the Dow gained +0.33%, the S&P 500 +0.54%, Nasdaq +0.83%, and the Russell 2000 +0.11%. Though we still have three more trading days in April, the S&P 500 has gained +5.7% for the month which would be its first monthly gain since October.

This week flew by and felt very much like a three day trading week to me. Apparently, time really does move quickly as you get older (my 37th birthday is on Sunday). As a goal, I wanted to do a lot more chart reviews and at least another link post (I try to do at least two of them every week), but I just ran out of time. More trading, sifting through earnings, and the Q&A made for quite a busy week on my end (not to mention my little golf outing on Wednesday afternoon). Next week probably will be even more so with the Fed meeting especially as the market makes another attempt to take out key overhead resistance and we finish off April and start the new month of May.

Finally, I'm glad to see that so many enjoyed today's Q&A with Teresa Lo. She provided a lot of material in the links and I encourage you to read them (as well as the entire Q&A again) when you have time. There is a lot there to digest and it deserves more than a quick read through.

Have a great weekend!