Analyst Commentary:

• Most indices pushed higher last week, seeing the S&P 500 (SPX) 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 (NDX) 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. 

Nasdaq Dorsey Wright’s Chart of the Week:

 To read more on growth and value strength, you can read Wednesday's featured article HERE.

Major US Index Technical Review:

A summary of the performance of major indices, in addition to their Point & Figure information. 

The Group Score Minute:

Senior Equity Specialist Steve Raymond dives into the latest trends and changes within our Asset Class Group Scores. To listen now, click HERE or on the image below. 

Nasdaq Dorsey Wright Products:

The AdvisorShares Dorsey Wright FSM U.S. Core ETF (DWUS) is comprised of 2 ETFs—primarily in domestic large-cap equities—that demonstrate in our opinion, favorable relative strength characteristics. During periods in which the Advisor believes the market indicates broad equity weakness and cash strength, the Fund invests in fixed-income ETFs with a short or ultra-short duration, money market funds, cash and cash equivalents. To learn more about DWUS, Click HERE.

Want More? Don't Miss Out on Our Podcasts!

This week, we discuss all time highs from the Nasdaq-100, the sharp growth rally, constructive highs for semiconductors, and the decoupling international equity/crude oil relationship. To listen now, click HERE or on the image below. 

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