Market Summary 31st August

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The market has been on the rise, with the major indexes showing gains for four days in a row. While it's tempting to jump in, it's important to be careful and not act on the fear of missing out. It's best to make decisions based on clear opportunities.

Even though the market has been rising, trading activity has been relatively low. Also, the major indexes like the Nasdaq and S&P 500 are the ones mainly pushing this upward trend. To give some perspective, less than half of the stocks in the Nasdaq are performing well in the long run. There are still only 43% of the Nasdaq stocks above their long term 200-day lines. Which means that more than half of the stocks are still in long term downtrends

This shows that only specific stocks are driving the recent increase.

Right now, with the current interest rates, big investors are playing it safe. Once they decide to take more risks, we'll likely see a variety of new stocks rise and stand out.

**If you found this update helpful, please give it a thumbs up and share. Your support motivates me to continue providing these daily summaries!**