{"id":4795,"date":"2020-08-14T00:00:00","date_gmt":"2020-08-14T04:00:00","guid":{"rendered":"https:\/\/www.whitcomb.com\/weekly-market-update-august-14\/"},"modified":"2022-02-07T11:41:45","modified_gmt":"2022-02-07T15:41:45","slug":"weekly-market-update-august-14","status":"publish","type":"post","link":"https:\/\/www.whitcomb.com\/blog\/2020\/08\/14\/weekly-market-update-august-14\/","title":{"rendered":"Weekly Market Update – August 14"},"content":{"rendered":"\n
The S&P 500 Index achieved its all-time closing high on February 19, 2020 at 3386. This week, the market continued to approach this level. The following graph, from Strategas Research, is split into two sections. The top shows the following information:<\/p>\n\n\n\n
The value of the S&P 500 index (black line)<\/li>
The 50-day moving average (blue line)<\/li>
The 200-day moving average (red line)<\/li><\/ul>\n\n\n\n
The bottom graph shows the percentage of stocks trading at their highest price in the last 20 trading days.<\/p>\n\n\n\n