WizzWatch Market Newsletter

Last week was one of the best trading weeks since November in the equities market. As for the week that past it was somewhat of a bumpy ride but all three major indices major indices continued to advance ending the week trading higher. The Dow Jones Industrial Average, The Nasdaq Composite Index as well as the Standard and Poors 500 closed to end the week in new high territory. After a few weeks of declines the price of gold managed to end the week trading on the upside as the prices of silver, oil and bitcoin continued to advance.

The Dow Jones Industrial Average began the week trading at 31,191.20 before moving higher to end the week. There were 23 stocks in the Dow 30 that advanced as 7 declined. The top price advancers for the week were (INTC) Intel Corp. +6.24%, (GS) Goldman Sachs +4.37%, (CVX) Chevron Corp. +3.69%, Walt Disney Co. +3.59% and (AXP) American Express +2.64%. The biggest laggard in the Dow for the week was (NKE) Nike down -2.06%

When it was all said and done the Dow Jones Industrial Average closed to end the week trading at 31,458.40 up 310.16 points or 1.00% on lighter than average weekly trading volume of 1.52 billion. The average weekly trading volume for the index is 1.89 billion.

Over at the Nasdaq, the index continued to advance. The index has been moving higher to the upside for 15 of the past 21 weeks. The Nasdaq began the week trading at 13,937.06 and declined to a price low at 13,845.47 before ending the week trading above 14,000 for the first time. The top price advancers in the Nasdaq 100 for the week were (ILMN) Illumina, Inc. +17.68%, (AMAT) Applied Materials +15.88%, (BIDU) Baidu, Inc. +15.87%, (KLAC) KLA Corp. 15.20%, (LRCX) Lam Research Corp. +14.99%.

At the close of trading in the markets to end the week the Nasdaq closed to end the day trading at 14,095.47 up 239.18 points or 1.73% on heavier than average trading volume of 45.3 billion. The average weekly trading volume for the index is 22.14 billion.

At the Standard and Poors 500 the index began the week trading at 3,892.58 and moved to a price low of 3,884.94 before ending the week trading higher. The top price advancers in the index were (TWTR) Twitter +26.63%, (ILMN) Illumina +17.68%, (ZBRA) Zebra Technologies Corp. +17.35%, (HBI) Hanes Brands +16.64%, and (AMAT) Applied Materials +15.88%.

As the week came to an end the index closed to end the week trading at 3,934.83 up +48.00 or +1.23% on lighter than average trading volume of 10.25 billion. The average weekly trading volume for the S&P Is 12.13 billion.

On the commodities front, the price of oil, gold, silver, all ended the week advancing. The oil index has continued to advance for 12 of the past 15 weeks, the index ended the week trading at a 57 week price high at $59.47 up $2.62 or 4.61%. The price of gold and silver also advanced to end the week treading higher. The price of gold closed ended the week trading at $1,823.20 up $10.20 +0.56% and has been on a decline for 14 of the past 28 trading weeks. As for the price of silver the index closed to end the week trading at $27.33  

By Marlin Rolle