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Market Summaries

Market Summary: Week of August 21

It was a rusty week for me as far as day trading goes. I’m off the vacation hangover though and ready for full action next week. Now let’s take a look at what transpired in the market this week!

Nasdaq Composite – Rose 2% to close at all time highs again this week on the back of tech giants like Apple and Tesla. Looks like there is no stopping this juggernaut..

S&P 500 – Recovery, complete! All time highs, achieved! The world… has seen better days. No matter all is well that seems well! Up a marginal 0.45% on the week.

Dow Jones IA – Surprisingly this index had a largely unchanged week holding basically flat with a 0.08% decline. This may be the only index that really represents what’s actually going on in the world right now.

We can now confidently say this was the fastest bear market over. It’s time to put all of our worries behind us and continue life as though nothing every went wrong! Have a great weekend folks.