Markets are roaring back this week as breadth explodes: the Nasdaq Composite surged ~7%, the S&amp;P 500 broke its triple-top to hit fresh all-time highs, and participation pushed to new 2026 highs with over two-thirds of stocks on a buy signal. We break down the technical picture across the S&amp;P 500, Nasdaq 100, crude oil, and a sliding US dollar, plus blowout earnings from Microsoft (+15%) and Palantir (+30%). Images were taken from the Nasdaq Dorsey Wright Research Platform (linked below). Get Our Weekly Newsletter: NDW Lite: https://nd.nasdaq.com/Index-Preference-Center-LP-.html How to Find Us: X: https://x.com/DorseyWrightNDW LinkedIn: https://www.linkedin.com/company/nasdaqdorseywright Research: https://dorseywright.nasdaq.com

Charts of the Week: Crude Crumbles Below 80, Microsoft Rockets 15%, & Participation Surges

The Nasdaq Dorsey Wright Podcast

Since 1987, we've helped investors navigate the markets using technical research focused on relative strength, supply and demand, and momentum. From sector rotation to asset class rankings, we highlight what drives performance. Nasdaq Dorsey Wright, helping you stay one step ahead.

Hello everybody and welcome to this week's podcast for the week of August 5th, published on August 6th. My name is Myles Clark. I'm joined here by a very special guest today, the birthday boy. Trevor Plesko, how you doing my friend? Doing well. What are you, 21? Not quite. Definitely a little bit off that. Well, that's good. Happy birthday. Appreciate it man, appreciate it. Honored to be sitting here across from you obviously. A lot of stuff to talk about.

Hey, I do want to call out. I feel like it's a bigger week for you, this upcoming weekend. Yes, I am getting married. So you only do that once. Hopefully, right? No, obviously. I'm getting myself in trouble. Anyways, yes, it's a very big week for both of us. It's going to be hoping for no rain because it is on and off rain here in Richmond, of course, every night at thunderstorms. Hopefully, I'll get a lot of the system beforehand.

Yes. Anyways, lots of we talk about good news on personal fronts, good news from the market front as well. Names we typically look at over the last week or so, a lot of upside action for your growth focused areas of the market. NASDAQ composite up around 7%. Emerging markets up around 6%. The S&P 500 up around 4%.

Charts of the Week: Crude Crumbles Below 80, Microsoft Rockets 15%, & Participation Surges

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Charts of the Week: Crude Crumbles Below 80, Microsoft Rockets 15%, & Participation Surges

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.