As mentioned in August's Monthly Wrap-Up, US markets closed at new all-time highs. Last weekend, in my Market Forecast, I wrote:

"For the new week, I think the market can use some time to consolidate. On the other hand, if the market pushes higher and above SPX 1990, this market can go on a bit of a run! But, for now SPX 1995 to 2000 is the resistance. On a quick pullback, we should see support at around SPX 1980 to 1970."

Indeed, the market traded in a tight range. After Monday's push to above SPX 2000, the broader market traded within a 13-point range all week, but did manage to close above 2000. For the week, the Dow was up +97.23 points; SPX added +14.97 points; Nasdaq gained +41.72 points. Gold bounced to around $1290/ounce, while oil climb to $95.5/barrel. On Monday, Asian markets were mostly up. Let's see how the US markets looked after Friday's close:

SPX

On Friday, SPX added +6.63 points to clsoe at 2003.37. Its daily MAs and MACD were slightly up.

Nasdaq

Nasdaq gained +22.58 points to close at 4580.27. Its daily MAs and MACD also climbed higher.

Both SPX and Nasdaq treaded water last week, but, still managed to close higher for the week. For the new week...

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