Last week stock market rallied on the hope that Central Bankers will start their printing press officially but nothing happened. This week Stock market kept floating high on hope that someday easing will be provided. With stock market at multi year high and shorts at 5 year high, its very difficult to get correction as big institutional investor have taken long side position as per the CFTC report.
Summarizing the weekly performance for August (6th - 10th) ,
Dow is up 111 point (0.85%)
S&P500 is up 14.88 (1.07%)
Nasdaq is up 53. (2%)
Volatility S&P500 Index (VIX) is down (6.73%) ( Disconnect continues)
Russell 2000 is up 13 point (1.66%)
Some of the notable stock performance
GLD is up 1.67 (1.07%)
SLV is up 0.3 (1.11%)
AAPL us up 5.94 (0.96%)
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| Dow jones tested the lower all the resistance level for the week. |
