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May 25, 2024 | Tech Talk for Saturday May 25th 2024

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

The gain by one stock dominated performances by the S&P 500 Index and NASDAQ Composite Index last week, the 15% price advance by heavily weighted Nvidia following release of its better than expected quarterly results. Other major U.S. equity indices were notably weaker: Dow Jones Industrial Average down 2.33%, Dow Jones Transportation Average dropped 2.70%, Equal Weighted S&P 500 ETF dropped 1.33% and Russell 2000 ETF dropped 1.85%.

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May 25th, 2024

Posted In: Tech Talk

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