A flat day for the market leaves us right where we left off yesterday. Lower volume continues to make things mostly uneventful but that will change starting next week after the holiday break passes.
Overall the month of August has been driven by Draghi's comments supporting Europe (see NASDAQ chart below). This and Apple's (AAPL) breakout to record highs (and still on the move higher) has given the market some life. Apple makes up 13% of the NASDAQ's total weight.
Before an updated look at the market indices I have two great charts to share from TheChartStore (hat tip Barry Ritholtz). They are clean, long term looks at the Dow and some major patterns forming.
The connection is that we JUST launched last week new lessons explaining both of these patterns, the Double Top and Symmetrical Triangle, on InvestingTeacher.com. Feel free to create an account and learn all about them.
Updated indices below. See you back here tomorrow!
