EB Daily Market Report - Friday, August 15, 2025

Dear Members:

We've got a mixed picture today with only the Dow in positive territory as we close to the end of another trading week.

The little bit of selling we're seeing today doesn't really amount to much, perhaps just some profit taking with all of the major indexes stretched to some degree. And it is monthly options expiration Friday so maybe some squaring of calls and puts.

The Dow put in a fresh all time high as did the S&P (by one point) with all of the major indexes well above all key technical levels. So the bulls remain squarely in charge, at least until we see signs that is no longer the case.

The current trading range on the S&P is today's high of 6481 with downside support at the 20 day moving average of 6363 with traders looking for the next catalyst that could take stocks higher or lower. One could argue there's more downside than upside risk at current levels so it might make sense to be very selective while waiting for better reward to risk opportunities.

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

At your service,

John Hopkins