This Week’s Sunday Stock Report – 8/26/18
– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.
6 BreakOuts This Past Week | 5 Stocks on Our WatchList for the Week
[dropcap]T[/dropcap]here continues to be plenty of “bullish” events to sustain investors optimism for U.S. equities. This past week the market posted several milestones.
For one, we have major benchmarks back at record levels. The S&P 500 booked a second weekly advance (+0.9%) and after 145-days closed at another new all-time high.
The Nasdaq logged a record with its first all-time high since July 25th while it advanced with a solid +1.7% weekly gain.
Small caps continued their participation as the Russell 2000 added +0.4% on the week and also closed at a new all-time high. The index is firming up above the 1700 level and is still beating the large-cap indexes with a +12.3% gain for the year.
Chart courtesy of stockcharts.com.
The Dow Jones industrial average rose +0.52% for the week, closings within -3% of its peak made on Jan. 26th.