SPX each day chart
There was no lack of drama within the ultimate day of fairness buying and selling in what was a wild experience in August. The S&P 500 opened strongly after which gave all of it again to commerce in damaging territory at noon. Nonetheless some regular bids emerged within the afternoon earlier than an enormous wave of shopping for late.
A lot of it was probably technical right into a month-end lengthy weekend nevertheless it wraps a bow on a vigorous one.
- S&P 500 1.0%
- Nasdaq Comp +1.1%
- DJIA +0.6%
- Russell 2000 +0.3%
- Toronto TSX Comp +0.2%
On the week:
- S&P 500 +0.25%
- Nasdaq Comp -0.9%
- Russell 2000 -0.4%
- Toronto TSX Comp -0.1%
On the month:
- S&P 500 +2.3%
- Nasdaq Comp +0.6%
- DJIA +1.8%
- Russell 2000 -2.0%
- Toronto TSX Comp +0.6%
These month-to-month numbers aren’t spectacular at first blush however they arrive after large promoting on the outset.
The Nasdaq Composite month-to-month chart now reveals a double doji. That is a setup for a giant transfer to come back. Given the spectacular restoration from the August declines, I will take the upside nevertheless it’s robust to believe after the Nvidia decline and with a damaging September seasonal backdrop.
Nasdaq month-to-month
