Welcome to our weekly newsletter where we provide an overview of the main US and UK indices, along with analyses of selected assets that are outperforming the market.
Let’s get into this week’s newsletter!
US & UK INDICES OVERVIEW
S&P 500
The S&P 500 is showing strong momentum, with solid performance in July. The index is up 1.16% for the month and has gained 6.63% so far this year. Notably, it broke its previous all-time high of $6,147 (set in February 2025) on June 27th and has continued to climb since.
Currently, the market is trading above the 2025 high of $6,099, which now acts as a key support level. Last week ended strongly, with a 1.67% gain for the index. Thursday was particularly noteworthy, as the market opened 0.28% higher and closed up 0.8%, even with a shortened trading day.
From a technical perspective, the outlook remains very positive, with the index trading above all major moving averages. Going forward, we anticipate a pattern of higher highs and higher lows, signaling the continuation of the bull trend and presenting more opportunities for investors.
Dow Jones
The Dow Jones is showing solid growth in July, up 1.67% for the month and 5.39% for the year so far. While the index continues to gain momentum, it has yet to surpass its all-time high of $45,073, set in December 2024.
This all-time high remains a key level to watch. If the Dow Jones breaks through, it will join the S&P 500 and Nasdaq in hitting new record highs, signaling a strong bull market across major indices. Given the current upward momentum, a breakout seems likely in the near future.
Nasdaq 100
The Nasdaq 100 is hitting new record highs and showing strong performance. So far in July, it has gained 0.88%, with a year-to-date increase of 8.85%. The index has surpassed its 2024 high of $22,133 and continues to climb steadily.
This consistent growth highlights the strength of technology and growth stocks. Along with the S&P 500’s breakout, this suggests a broad market rally that could carry on through the rest of the year.
FTSE 100:
The FTSE 100 is gaining momentum in July, up 0.74% for the month, bringing its year-to-date growth to 7.87%. The index is trading above the 2025 high of 8,474, which serves as key support for further upward movement.
However, it has yet to break its all-time high of 8,908, set in March 2025. The index has been consolidating below this level for 85 trading days. Recent movement shows it climbing back above the 20-day moving average after finding support between key moving averages.
While the weekly chart shows some reversal signals, the overall trend remains steady. For the bull trend to continue, the index must break through the all-time high resistance, followed by a pullback and a breakout to establish higher highs and higher lows.
PERFORMANCE REVIEW
Royal Caribbean Cruises (RCL)
Royal Caribbean Cruises is showing impressive performance with a strong long-term upward trend. July has started on a high note, with the stock up by 6.79% so far, and it has delivered a 44.72% gain for the year.
The stock recently hit a major milestone, breaking past its previous all-time high of around $277. On June 9th, it reached a secondary high at $279, and once it surpassed that level, the stock has been moving steadily upward.
Last week was especially strong, with a 7.99% increase. This came after the stock broke out of a consolidation phase and maintained solid upward momentum. Technical indicators remain positive, with the stock trading above all key moving averages and showing signs of a strong upward trend.
Since breaking out of its long-term consolidation, the stock has consistently formed higher highs and continues to set new records. With its current momentum, it shows strong potential for further growth in the months ahead.
OUTPERFORMING ASSET FOR THE WATCHLIST
Nasdaq (NDAQ)
Nasdaq Inc. has been a strong performer, showing solid strength. The stock is up 0.73% in July and has delivered an impressive 16.53% return for the year, outperforming many market benchmarks.
On June 6th, the stock broke above its previous all-time high of $84 and has since continued climbing, gaining over 7% without any major pullbacks. This sustained upward movement highlights strong momentum. Currently, the stock is trading above the 2025 high of $83, which now acts as a support level. The next key resistance to watch is the $100 mark. Last week, the stock gained 1.1%, signaling that the current upward trend remains intact.
Technically, the stock’s ability to break out of consolidation and maintain its climb without significant corrections suggests a potential linear trend. Such trends often follow consolidation phases and can lead to strong returns for investors willing to hold. The overall technical outlook remains bullish, with key moving averages providing strong support.
Looking Ahead
Currently, 54% of U.S. stocks are trading above their 200-day moving average, up from 41% last week, indicating strong signs of market recovery. We’ve added more breakout stocks to our Asset Position Log for members to review. The Dow Jones is close to reaching an all-time high, joining the S\&P and Nasdaq, which are already hitting record levels.
Keep it simple. Keep it Sublime.
The ST Team
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