Stock market weekly review – July 20th, 2013: The major indexes Dow Jones, S&P 500 and the NASDAQ started the week on a slow note, but distributed on Tuesday. The Dow Jones and the S&P 500 managed to stay put or able to add some gains rest of the week, but the NASDAQ distributed again on Friday. But, the overall weekly loss at the NASDAQ was not that bad. The trading volume for the week also came in below the moving average level, as well.

Dow Jones began the week with the price value of 15,464 and ended at 15,544. So, it posted +79.44 points or +0.51% gains for the week. The index also resumed the record high closing. The arbitrary resistance hangs around 15,750 and support resides around 15,200, now.

Key Statistics:

Data source: Yahoo Finance


S&P 500 began the week with the price value of 1,680.19 and ended at 1,692.09. So, it posted +11.9 points or +0.71% gains, and outperformed. The index also resumed the record high closing and trading near to the 1,700 key benchmark price levels. The arbitrary resistance hangs around 1,700 and support resides around 1,650, price level, now.

Key Statistics:

Data source: Yahoo Finance


NASDAQ began the week with the price value of 3,600.08 and ended the week at 3,587.61. So, it posted -12.47 points or -0.35% loss and underperformed. The index added two distribution days during the week and closed below the key 3,600 price levels. The resistance hovers around 3,675 and the support resides around 3,488 as like last week.

Key Statistics

Data source: Yahoo Finance


Recap: The indexes ended the week mixed. As the NASDAQ is one leading the current rally, it’s not a welcome sign when it also leads the distribution. But, the Dow Jones and S&P 500 limited the damages and kept the rally going for the week. Many leading growth stocks also continued their breakout and added nice profits. So, the rally is well and active. So, just trade on the side of the rally and reap the benefits before it ends for good.