To: J.B.C. who wrote (34674 ) 6/30/2025 2:11:00 PM From: J.B.C. 1 RecommendationRecommended By Ms. Baby Boomer
Read Replies (1) | Respond to of 34802 MONDAY, JUNE 30, 2025 Nasdaq Dorsey Wright Lite Weekly Update
Most indices pushed higher last week, seeing the S&P 500 gain 3.4% to set new all-time highs. The core of the market continues to hold long-term strength but could see some near-term slowdown given its extended posture. Domestic equities reclaimed the top spot of our relative strength asset class ranks, overtaking commodities and international equities. However, the top three groups are still neck and neck, so we could see further changes ahead. Growth areas of the market continue to flex their muscles, with the Nasdaq-100 index and growth proxy VUG also setting new all-time highs over the last week. Growth segments continue to display more relative strength than value areas. Technology moved ahead of Utilities for the 4th spot in our relative strength sector ranks. Tech also had an outstanding quarter, seeing proxy XLK gain more than 21% since the end of March—roughly 10% better than the next sector. Alleviating tensions in the Middle East saw crude oil fall over 10% last week. Meanwhile, Energy representative XLE declined by 4.2%. The energy sector also lost the most DALI relative strength signals in Q2 despite its uptick in June.
Nasdaq Dorsey Wright’s Weekly Featured Chart
US IndexPoint & Figure SignalTrendOverbought/OversoldNext Level of SupportWeekly PerformanceYTD PerformanceMajor US Index Technicals Dow Jones Industrial Average Buy Positive 72% Overbought 42,000 3.82% 3.00% Nasdaq Composite Buy Postive 91% Overbought 19,400 4.25% 4.99% S&P 500 Index Buy Positive 85% Overbought 5,800 3.44% 4.96% Data through: 06/27/2025 Image Source: NASDAQ DORSEY WRIGHT
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