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Table of Contents
Market Snapshot
S&P 500 Heatmap Last Week
Market Highlights
Indices closed the week higher
Nasdaq lead all indices higher with a +3.45% performance last week
Volatility continues to drop, with VIX down 60%+ off of April’s high
Index | Last Week | YTD |
|---|---|---|
S&P 500 (SPX) | +2.92% | -3.31% |
Nasdaq 100 (NDX) | +3.45% | -4.33% |
Russell 2000 (RUT) | +3.22% | -9.39% |
Dow Jones Industrial Average (DJI) | +3.00% | -2.88% |
Best/Worst S&P 500 Equities Last Week
Best
Ticker | Last Week | YTD |
|---|---|---|
$CARR | +19.10% | +4.79% |
$ANET | +16.83% | -17.65% |
$TT | +14.83% | +8.19% |
$DXCM | +13.90% | +4.95% |
$HWM | +13.49% | +40.87% |
Worst
Ticker | Last Week | YTD |
|---|---|---|
$BDX | -17.70% | -25.60% |
$TRGP | -8.87% | -9.32% |
$FSLR | -7.98% | -25.93% |
$SMCI | -7.57% | +10.60% |
$LLY | -6.89% | +6.69% |
Sector Performance Last Week
*For a full breakdown of sector performance, our clients receive in-depth analysis within our weekly Sector Rotation Report
Technical Analysis Brief
Each week, we review the S&P 500 (in order to provide a consistent, technical narrative for the overall market), as well as a select equity and an asset from the broader market.
S&P 500: $SPX | daily
Big week last week, as we saw: continuation off of the ~5,500 pivot reclaim, a 50 day reclaim, and a reclaim of the previously broken rising support. We have been very vocal with our clients regarding our bullish bias since the ~4,800 support test at the beginning of April. While our bullish bias remains here, we are aware of the increased risk (short term) with price approaching the 200 day MA and the 5,780-5,800 pivot resistance.
Microsoft Corp: $MSFT | weekly
We have been noting our bullish bias with clients since the $345-$350 support test off of the April lows. This has provided a ~30% bounce off of that support (of which, we caught +20% within our Growth Model Portfolio). Now we are monitoring the downtrend resistance above - if broken, we could see long term follow through higher.
Gold | weekly
Reversal candle printed a couple weeks ago, and we saw some follow through last week with a 2%+ pullback candle. Here is a quick look at this chart longer term. While we are seeing some pullback short term, this long term bullish uptrend remain intact since the ~$2,050 pivot breakout in February 2024.
*For updated analysis on the financial markets, our clients receive in-depth analysis DAILY within our weekly Market Analysis Report
TA Capital Research Performance
We continue to help our clients successfully navigate this volatile market in 2025. Below are our model portfolios, and the YTD performance for each:
If you are interested in trying TA Capital Research for free, we would love the opportunity to work with you! You can visit TACapitalResearch.com/Plans to start your free trial.
The information and analysis provided in this report are for informational purposes only and should not be construed as investment advice or a recommendation for any specific investment strategy, product, or service. Past performance is not indicative of future results, and all investments carry risks, including the potential loss of principal. TA Capital Research makes no representations or warranties regarding the accuracy or completeness of the information presented and does not assume any responsibility for any decisions made based on this report.
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