I had a tremendously productive weekend, spending most of the weekend side by side at the dining room table, both laptops open, notepads and pens all around, hammering out ideas for my 13th Dec gathering with my readers. It will be a exciting talk for this Saturday. I will blog it after the event ... stay tuned!

Let's now turn to the markets...

S&P 500

S&P 500 closed at 2,075.37 points, up 7.81 points for the week.

Dow Jones Industrial

Dow Jones closed at 17,958.79 points, up 130.55 points for the week.

NASDAQ

NASDAQ closed at 4,780.76 points, down 10.87 points for the week.

Again, the market can continue to tack on gains in spite of such market-unfriendly sentiment.

The market has made a new high last week.

This remind me of a wild roller-coaster that inevitably loses speed as it nears the top of its loop.

The crowd sit tight and quiet in their seats, but you know that when the thing heads down at 120 miles per hour the screams will be heard all the way out to the ticket booth.

Talk to you soon.

Best wishes,

Divergence Trader

The post A market that only knows one direction – US Market Review 08/12/14 appeared first on Divergence Trader.