EB Daily Market Report - Friday, August 8, 2025

Dear Members.

The market continues on its merry way higher with all of the major indexes nicely in the green as we near the end of another trading week.

The move today is being helped by AAPL with the stock back above its 200 day moving average for the first time since March of this year. Accordingly, the NASDAQ is now closing in on its all time high of 21,457 and the S&P is also within striking distance of its all time high of 6427.

We're pretty much through the bulk of earnings season, certainly on those stocks that could have the biggest impact on the market. NVDA will report its earnings later in the month but right now the traders are looking for other catalysts that might help determine the direction of the market.

Bottom line for now is the bulls are very much in charge and barring something out of the blue that might derail current momentum they are likely to make an attempt at those all time highs. If for some reason the momentum were to shift we should watch to see if the 20 day moving average on the S&P, currently at 6309, holds. But for now the market looks poised to move higher.

Tom will be back with his Weekly Market Report on Monday.

At your service,

John Hopkins