Welcome back 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

After a turbulent week, the S&P 500 seems to be at a crossroads. It’s up 1.27% for the year, but February has been tough, with the index down 0.1% as it struggles with some key resistance levels.

While we’re still in a long-term bull market, breaking past the 2025 high is proving difficult. Last week’s 0.1% dip shows just how uncertain the market feels right now.

Thursday was a tough day, with the index dropping about 1.23%. But then, Friday came with a surprising turnaround. The index jumped 1.97%, moving back above important resistance levels. This shows me that buyers are still in the game and are ready to step in.

The all-time high is $7,002, which we hit back on January 28, 2026. If we can break and close above that, it’s a strong signal that the bull trend is continuing. It would also push us over the big psychological level of $7,000, which could bring a lot of new buyers into the market.

Dow Jones

Even as the S&P 500 is struggling, the Dow Jones 30 is holding its own. So far this year, the Dow has gone up by 4.27%, a much better performance than many other indexes.

February has been a standout month for the Dow. I’ve watched it not only hit new all-time highs but also stay strong above its previous 2025 peak of $48,886.

What’s even more encouraging is seeing it trade confidently above the $50,000 psychological round number.

While the S&P 500 has been fighting to stay above its 2025 high, the Dow just pushed right past that level and kept going. As we move through February, the Dow looks solid, and I’m optimistic that this positive momentum will continue.

Nasdaq 100

The Nasdaq 100 has been facing some tough challenges lately, highlighting struggles in the tech sector. So far this year, the index has dipped by 0.69%, with February showing a steeper drop of 1.87%. It’s a clear sign that the tech-heavy index is hitting some resistance.

The Nasdaq is stuck below its 2025 high of $26,182, unlike the S&P 500, which briefly broke above its own 2025 high before pulling back. This suggests the Nasdaq’s resistance level is particularly strong right now, and breaking through it won’t be easy.

If the index finds support soon, it could recover and push higher. If not, we might see more selling as momentum continues to shift downward.

FTSE 100: 

The FTSE 100 has performed well this year, gaining 4.41% so far. In February alone, it added 1.43% to its returns. Since breaking above the key 8908 level in July 2025, it has been on a steady upward trend, marking the start of a strong bull run.

Since then, it’s cleared some major milestones, including the psychologically significant 10,000 mark in January 2026. Now, the index is setting its sights even higher, with the current all-time high standing at 10,481, reached on February 4, 2026.

A clean break above that February 4th high would confirm the bull trend is still very much alive. If that happens, we could realistically see the FTSE 100 aiming for the next big milestone: 11,000.

PERFORMANCE REVIEW

FedEx (FDX)

The stock has performed well this year, with a year-to-date growth of nearly 28%. A significant portion of this growth, almost 15%, occurred in February alone, marking a strong breakout after a prolonged period of stagnation.

From May 2021 until the start of this year, FedEx was stuck. It traded back and forth in a wide range. Then, in January, things started to move. The stock pushed past $319, which was the top of that old trading range. Since breaking that level, it has climbed another 15.5%.

It’s been a steady climb since then, without any major dips. Last week was particularly strong, accounting for most of February’s gains.

Friday saw another solid gain, and earlier in the month, on February 3rd, the stock closed up over 5%.

The real move initially started around January 29th and 30th, when it became clear that buyers were taking control.

After a run like this, it’s natural for the stock to take a breather, maybe pulling back or trading sideways for a bit. The key is to see if it can hold its ground during any weakness and then push to new highs. This would confirm that the upward trend is still healthy.

OUTPERFORMING ASSET FOR THE WATCHLIST

Walmart (WMT)

Walmart’s performance in the stock market right now highlights why it remains a cornerstone of American retail. The stock is in a strong upward trend, delivering impressive returns.

So far this year, it’s up 17.75%, with February alone contributing 10.11% of that.

Back in January, the stock made a bold move by breaking past its 2025 high of $117. Fast forward to February, and we’re seeing those gains continue to build, with this past week alone adding 10.11%.

To really appreciate Walmart’s growth, though, it helps to zoom out and look at the longer term picture. In May 2022, the stock was at $39. By February 2025, it had climbed to $105, that’s a large 167% gain.

But it didn’t stop there. From April 2025’s low of $79, it’s now sitting at $131, marking a 64% increase. What’s important here is that these aren’t wild, short-lived spikes. This is steady, sustained growth, with occasional pauses for consolidation before breaking higher again.

Last Friday’s 3.34% gain capped a strong week, showing that buyers are still eager to support the stock at key levels. Pullbacks so far have been met with renewed interest, which is an encouraging sign for anyone watching closely.

Looking ahead, Walmart’s next big target is $150. If it manages to break through that, the path could open up toward $200. It’s worth keeping an eye on February 19th, when Walmart’s earnings report is due. It could either act as a boost for the stock’s next move higher or trigger a temporary pullback. Either way, the bigger picture still points to strength.

Looking Ahead

The percentage of U.S. stocks trading above their 200-day moving average has decreased from 64% last week to 60%. Despite this decline, the long-term upward trend in the indices suggests it is likely to rise again over time.

Keep it simple. Keep it Sublime.

The ST Team

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