Charting the S&P 500: Reaching Toward All-Time High
Stocks start off the new month with a positive bias.
You've reached your free article limit
You've read 0 of 1 free Pro articles.
So much drama surrounding markets, whether it is the fight over the "big, beautiful bill" or the Donald Trump versus Elon Musk match or the economy and trade, there is plenty out there to move markets. Yet, the bulls remained resilient this past week, aware of the challenges presented.
The stock market pushed higher by better than 1% across the board as small caps were the best performer, the IWM higher by 3.3%. As for the S&P 500, the index is now moderately in the green for 2025 and within 2.5% of an all-time high. That is some feat considering just two-and-a-half months ago the index was reeling, down nearly 20% and looking at a considerably long bear market period.
But that all changed with some positive news and a change in investor sentiment. The MACD remains bullish, the momentum indicator (stochastics, pane four) is also bullish but we liked the higher turnover this week, which was broadening out to include more names than just the Magnificent Seven (though those stocks had a good week, too).
The weekly S&P 500 shown is still trying to get back into the channel.
