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 has been showing strong momentum, hitting a new record high this month at $6,532. With a year-to-date growth of 10.2%, we’re seeing solid long-term progress, even though this month’s gain was a modest 0.33%. This kind of steady growth reassures us that the index is on a positive trajectory, and we can reasonably expect more upward movement as the year unfolds.

Looking at last week, the S&P closed with a bullish candle, up slightly by 0.33%. However, Friday brought a bit of a rollercoaster. The day started strong, opening 0.41% higher and reaching a new record high, but sellers stepped in and pushed prices down, closing the day down 0.32%. Despite this, the index showed resilience, bouncing off a key support level at $6,444. That support held firm, which is an encouraging sign of strength.

Dow Jones

The Dow Jones is showing strong long-term growth, with a reversal candle shaping up for September so far. This month, we’ve also seen the index hit a new record high of $45,770, which is a big milestone.

Year-to-date growth stands at an impressive 6.71%. However, September has been a bit more restrained, with a slight dip of 0.32% so far, even though the overall trend remains bullish.

Nasdaq 100

The Nasdaq is showing a strong long-term upward trend, with a year-to-date growth of 12.57%. This month is yet to set a new record high, but the small gain of 1.01% from last month’s close is still a positive sign.

These steady moves remind us that progress doesn’t always come in leaps but often builds gradually over time.

That said, we’re still watching the all-time high from August at $23,969. Breaking through that level would signal even more upward momentum.

FTSE 100: 

The long-term outlook for the FTSE 100 remains positive, and there are some promising signs to keep an eye on. Last month, we saw a reversal candle, and this month is shaping up similarly. This just indicates the bullish momentum is slowing down, so what we really want to see is the price picking up momentum and breaking past last month’s high, which is also the all-time high of 9,357. That would be a clear signal of a continuation to the upside. For some context, the FTSE has grown 12.67% year-to-date, although September’s gains so far are a modest 0.23%.

After reaching that all-time high on August 22nd, the FTSE pulled back and found support at 9,107 on September 3rd. While Friday’s close hinted at a reversal, it wasn’t a strong push upward just yet. Still, it’s encouraging to see the FTSE starting to recover from this correction. We are now watching for it to make its way back toward 9,357. A clean break above that level would confirm we’re back on track for more growth.

PERFORMANCE REVIEW

Broadcom (AVGO)

Looking at the big picture, the stock’s long-term trend is clearly bullish. September currently has a strong bullish candle, which is a positive sign for continued growth. That said, the slightly long wick above the candle shows the stock hit a record high of $356 before pulling back.

It’s worth noting that this year has been a strong one overall, with year-to-date growth at 44.45%. September is currently up 12.61% for the stock.

Zooming into the weekly timeframe, last week stood out with a significant bullish push. This momentum was driven in part by earnings, which gave the stock an initial 16.39% jump at the open.

However, by the end of that trading day, it closed up 9.41%, and Friday saw some selling pressure, leading to a 5.83% drop. While this pullback might be discouraging at first glance, it’s normal to see some profit-taking after a big move like that.

Looking ahead, it’s realistic to expect the price might dip further to fill the gap and find support around the $300 level, which is a nice psychological round number.

If that happens, it could set the stage for a bounce and another upward move. It’s important to stay patient and not get shaken by these short-term fluctuations. Instead, focus on how the stock reacts when it reaches key support levels.

OUTPERFORMING ASSET FOR THE WATCHLIST

Alphabet (Google) (GOOGL)

This stock is showing real strength right now, and there are some key levels worth paying attention to. Back in August, we saw a big push upward that broke through several important milestones including the previous all-time high from February 2025 at $207, the $200 round number, and even the 2024 high of $201. Breaking these levels is a strong signal, and the momentum hasn’t slowed down. This year alone, Google’s stock is up 24.14%, with a solid 10.38% gain so far for September.

If we zoom in on the weekly chart, we can see that the stock has been consolidating around the $207 level since February 4th, 2025. That all changed on August 25th, when it finally broke through and started climbing.

On September 3rd, the stock jumped significantly with a 9.11% gap up. What’s promising is that there were no immediate signs of selling afterward, and the stock continued to climb steadily.

Stocks don’t typically move in a straight line. A pullback might happen, and if it does, it could fill that September gap before finding support again. If the stock bounces back above $207 after a pullback, that would be a strong confirmation that the trend is still in play.

Looking Ahead

Currently, 60% of U.S. stocks are trading above their 200-day moving average, a slight drop from 61% last week. The Dow Jones, S&P, and Nasdaq have all recently hit record highs, and we expect market activity to pick up further as we head into September.

Keep it simple. Keep it Sublime.

The ST Team

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