WizzWatch Market Newsletter

As for the week that passed in the market the Dow Jones Industrial Average, and the S&P 500 ended the week trading on the downside as the Nasdaq Compsoite Index ended the week trading slightly higher. As for the commodities market oil ended the week advancing as the gold as well as the silver index finished to end the week declining.

The Dow Jones Industrial Average began the week trading at 29,672.36 before moving to a price a price high at 29,994.29 before ending the week closing lower. The index was 0.01$ from getting into the 30,000 club but ended the week trading at 29,263.48 down -216.33 points or -0.73% on lighter than average downside volume of 1.82 billion.

At the S&P 500 there was a similar situation as it to declines to end the week trading on the downside. The index began the week trading at 3,600.16 and moved to a price high at 3,628.51 before declining to end the week trading lower. The index closed to end the week on the downside after moving higher for 2 consecutive weeks. The S&P ended the week trading at 3,557.54 down -27.61 or -0.77% on lighter than average downside volume of 12.42 billion.

As for the tech weighed Nasdaq Composire Index after moving lower the week prior the index ended the week trading slightly higher. The top movers in the Nasdaq 100 were (TSLA) Tesla, Inc. +19.86%, (MYL) Mylan +10.16%, (MELI) Mercardo Libre. +8.86%, (LULU) Lulu Lemon Athletica +6.23% and (HAS) Hasbro, Inc. +6.04%.

Over in the commodities space the Gold index continued to move lower for 6 of the past 15 trading weeks to end the week trading at $1872.40 per ounce down $13.80 or -0.73%.  Silver was not too far behind as it to declined for 8 of the past 15 trading week. The silver index ended the week trading at $24.36 per ounce down $0.41 or -1.66% on lighter than average downside trading volume of 38.4 million. The average weekly trading volume for the silver index is 44.4 million.

As for light sweet crude oil the West Texas Intermediate Crude Index advanced to the upside for the third consecutive week for the first time in many. The index is currently 55 points away from its August 24^th weekly closing price high at $42.97. The index closed to end the week trading at $42.42 per barrel up $2.29 or 5.71% on lighter than average upside trading volume of 147.9 million. The average weekly trading volume for the oil index is 234.16 million