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 remains in a bullish trend, outperforming the FTSE. In August, the index is showing strong growth with a bullish candle creating new record highs.
So far this year, the S&P 500 has grown by 9.66%, with a 1.74% increase from last month’s close to the current price this month.
Recently, the price broke a major resistance level at $6,147 on June 27th, leading to a steady upward move. However, it gapped down on August 1st before finding support at key levels.
From there, the index resumed its climb, reaching a new record high by breaking above the previous $6,427 level on August 12th. Since then, it has continued to rise steadily.
Friday closed bearish, suggesting a possible pullback. If this happens, the price may drop to support around $6,366 or within the zone between key moving averages.
As long as the price bounces off support and breaks above the current high of $6,481, the bullish trend will remain intact.
Dow Jones
The Dow Jones is in a long-term upward trend but is currently in a consolidation phase. This phase began in November 2024 when the index hit a high of $45,071. Since then, it has been moving sideways between that resistance level and a support level around $37,000.
This month, the index briefly broke above its all-time high of $45,071 but couldn’t sustain the move and has since retreated. For the Dow to gain momentum, it needs to break through this resistance and continue climbing, similar to the S&P and Nasdaq, which are currently hitting new record highs.
So far this year, the Dow Jones has grown by 5.65%, and it has increased by 1.85% in August alone. Further growth is likely if the index can establish new record highs.
Nasdaq 100
The Nasdaq is in a strong bull trend and performing well this August. So far this year, the Nasdaq has gained 12.85%, showing solid growth. It’s also up 2.13% from last month’s close, hitting new record highs.
Looking ahead, the key will be for the monthly candle to grow and for shorter timeframes to show a pattern of higher highs and higher lows. If this happens, the Nasdaq could sustain a long-term upward trend lasting several months or even over a year.
FTSE 100:
The FTSE 100 remains in a bullish trend overall, though August is showing some uncertainty. So far, the monthly candle suggests indecision, which could lead to a decline or correction. However, with half the month still remaining, this may change.
Currently, the price is hovering around the monthly opening level of 9,132 and hasn’t moved significantly. Year-to-date, the FTSE is up 11.82%, with a slight increase of 0.07% from last month’s close.
Over the past week, the index displayed a reversal candle with a long upper wick. The price hit a record high of 9,222 but failed to close near that level, instead ending 0.87% lower from the high. After hitting this new record, the index began to decline. On Friday, the market turned bearish, and the price is now moving toward support levels.
The next support is around 9,119. If this level holds, the index could push higher again, potentially breaking and closing above the all-time high of 9,222.
PERFORMANCE REVIEW
Meta Platforms (META)
On the monthly timeframe, Meta’s long-term trend remains bullish, with this month’s candle showing strength and reaching new record highs. Year-to-date growth stands at 34.11%, with a 1.52% increase from last month’s price.
If the stock pulls back, the next major support level would be last year’s high of $638. However, a pullback that deep seems unlikely, as it would require an 18% decline from the current price.
A strong resistance level was established on February 14th at $740. There was a false breakout on June 30th, followed by a gap above this level on July 31st. After that, the price briefly pulled back, but it has been steadily climbing higher since.
Friday’s candle closed as an indecision candle, but it did break a new record high, surpassing the previous all-time high from August 13th by $1. However, the inability to hold above this level suggests momentum is slowing, and a pullback may be forming.
If the price pulls back, the first key support level is around $748, with a stronger support level below at $740.
OUTPERFORMING ASSET FOR THE WATCHLIST
Palantir Technologies (PLTR)
This stock has been performing exceptionally well, with strong momentum in August and a year-to-date growth of 134.26%. From last month’s open to the current price, the stock is up by 11.89%.
The next major resistance level is at $200. While last week closed with a bearish candle, signaling a possible correction, it’s too early to tell.
If the price continues to decline, it will be important to watch for potential support levels where the stock could bounce back.
On August 5th, the stock saw a gap-up candle, followed by upward movement that reached an all-time high on August 12th, 2025. Since then, the price has started to pull back.
Friday’s reversal candle could indicate the end of this correction, with a chance for the stock to continue its upward trend. Key support levels to watch are $168 and $150.
A potential strong entry point could occur if the stock breaks and closes above the current all-time high of $190.
Looking Ahead
Currently, 53% of U.S. stocks are trading above their 200-day moving average, an increase from 49% last week. With the S&P 500 hitting new record highs recently, we expect strong market activity to continue through the summer.
Keep it simple. Keep it Sublime.
The ST Team
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