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 long-term bull trend, continuing its strong performance into August. The index is up 0.79% this month but has yet to surpass its all-time high of $6,427, set in July. So far this year, the S&P 500 has gained 8.63%.

Currently, the index is holding above the 2024 high of $6,099, a key support level. This past week saw strong momentum, with the index closing 2.42% higher than the previous week, recovering well after a recent pullback.

Two weeks ago, the index dipped and gapped down, but it found support at critical technical levels before beginning to recover. Since then, it has moved back above key support levels and continued climbing.

To sustain this trend, the index needs to break and close above the July 31st high of $6,427. A breakout above this level would confirm the continuation of the bull trend and likely lead to further gains.

Dow Jones

The Dow Jones is up 0.10% for August but hasn’t yet surpassed July’s high of $45,016. It’s currently near its all-time high and 2024 high of $45,073. If the index breaks above this level, it could see further gains and follow the S&P and Nasdaq in reaching new record highs.

So far this year, the Dow Jones has risen 3.83%. Being so close to its all-time high suggests a breakout could lead to strong upward momentum..

Nasdaq 100

The Nasdaq 100 is outperforming other major indices this August, rising 1.69% for the month. It has reached a new record high, slightly surpassing last month’s peak, with the current record set at $23,619.

So far this year, the index has gained an impressive 12.37%. Its consistent record highs suggest it could continue climbing, outpacing the S&P, which, while recently hitting record highs, has yet to set a new one for August.

FTSE 100: 

The FTSE 100 is still in an uptrend but is showing signs of a potential reversal, with August currently down by 0.41%. So far this year, the index has grown by 11.29%. It remains above the 9,000 level, which acts as psychological support.

On the weekly chart, recent candles suggest a slowdown in momentum, with reversal patterns starting to appear. Since the bullish move that began on July 21st, the index has struggled to produce strong upward movements, hinting at possible consolidation or a correction. Price broke above a key resistance level at 8,908, which had held since March 3rd, 2025. This breakout on July 10th led to a steady climb, with price respecting key support levels along the way.

Friday’s session ended with an indecision candle, marking a low at 9,079. For the bullish trend to continue, the price needs to break above this level and close above the July 31st high at 9,190. If this happens, the next resistance target would be the 10,000 level, confirming the continuation of the bullish trend.

PERFORMANCE REVIEW

Cboe Global Markets (CBOE)

Cboe Global Markets has shown strong performance historically and continues to gain momentum. After breaking above $72 in December 2016, the stock surged to $138 by January 2018, an 89% increase.

So far this year, the stock is up 29.26%, with August standing out with a 4.79% gain—hitting new record highs. Weekly performance has been strong as well, closing up 1.91%, indicating solid momentum heading into the weekend. Friday’s session was especially notable, with a 1.78% increase and another record high.

Since mid-July 2025, the stock has followed a steady upward trend with minor corrections but no major pullbacks to key support levels. Its historical patterns point to strong potential for continued growth. Past linear trends have been significant, and as long as the current pattern of higher highs and higher lows continues, another major upward move could be likely.

Since breaking out of a consolidation phase in August 2023, the stock has risen 81%, highlighting its ability to sustain upward momentum following long periods of consolidation.

OUTPERFORMING ASSET FOR THE WATCHLIST

Palantir Technologies (PLTR)

Palantir continues to perform exceptionally well, with an 18.07% gain in August, bringing it closer to the $200 target. Year-to-date growth is now at an impressive 147%, far surpassing the major indices.

The stock had a strong week, closing up 16.88%, driven largely by positive earnings results. On August 5th, the stock jumped 7.99% following the earnings announcement. While gap-ups often lead to temporary pullbacks, Palantir has continued to climb, hitting new highs in the days after.

Friday saw another solid performance, with the stock closing up 2.54%. It is now nearing the key $200 level, which will be an important point to watch. A breakout above this level could lead to further strong gains.

If the stock pulls back, the first support level to monitor would be around $159. A bounce from this level could signal continued upward momentum. The $200 target remains the next major milestone.

Looking Ahead

Currently, 49% of U.S. stocks are trading above their 200-day moving average, up from 44% last week. The recent correction seems to be over, and markets are recovering well. Overall, the market outlook remains positive.

Keep it simple. Keep it Sublime.

The ST Team

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