4 - 8 August 2008
Market Trends - Equities
There's an up-beat tone to the market these days, which resulted in an 4% gain over the week for the NASAQ 100 and not much less for both the Dow and The S&P 500. The short-term uptrend is confirmed and should allow for additional upmove.
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The charts at the right show the price history, in terms of relative performance, of the S&P500, the Dow Jones, and the Nasdaq 100 indexes. Weekly and YTD views are shown.
Individual weekly charts for the S&P, DJ and NASDAQ are on the right.
See below for comments on other market components.
Fig.1
- Dow Jones Ind, NASDAQ100 and S&P500: 1 week comparative
performance
Fig.2
- DJ Ind, NASDAQ100 and S&P500: YTD comparative performance
Fig.3
- S&P500
- weekly chart
Fig.4
- DowJones
Industrial - weekly chart
Fig.6
- NASDAQ
100 - weekly chart
Country-specific ETFs
With the exception of Taiwan, International stock did not experience the same positive results for the week as the US equities did.
All the international markets we follow are in negative territory YTD and trending down.
On the right is a chart showing the relative Year-to-Date performance of five of the country-specific ETF's that we chose to represent current round- the-world status.
Fig.7 - Country specific trend comparison: YTD
Market Trends - Commodities
Negative week for both Crude Oil and Gold, which lost 8% and 6% respectively. Crude Oil lost more than 35% from its recent peak and is now challenging long-term support.
Gold fell below short-term aupport and is possibly entering a down move.
Weekly charts for Oil and Gold are on the right.
Fig.8 - Crude Oil, Gold and Gov Bonds vs S&P500: 3 months
Fig.9 - Crude Oil, Gold and Gov Bonds vs S&P500: YTD
Fig.10
- Crude Oil, weekly chart
Fig.11 - Gold, weekly chart
