CHIEF TECHNICAL ANALYST, BUFF DORMEIER, CMT^Ⓡ

Although the S&P 500 concluded the week with a modest 0.14% gain, capital flows exhibited a more significant surge.  Capital inflows came in at $48.3 billion compared to only $34.3 billion in outflows. Both Capital Weighted Dollar Volume and Capital Weighted Volume closed the week at new all-time highs.

The Nasdaq 100, represented by the generals, and IWM, symbolizing the troops, delivered stronger performances. The NDX 100 experienced a 0.45% increase, while IWM (the iShares Russell 2000 ETF) surged forward by 1.02%.

Key levels for the S&P 500 include resistance at 4635 and minor support at 4527. Overall, the prevailing trend in capital flows continues to propel the markets higher as the markets broaden out, fostering a positive environment for bullish sentiments.

Grace and peace my friends,

BUFF DORMEIER, CMT®

Updated: 12/11/2023

Historical references do not assume that any prior market behavior will be duplicated. Past performance does not indicate future results. This material has been prepared by Kingsview Wealth Management, LLC. It is not, and should not, be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate their ability to invest for the long term. Investment advisory services offered through Kingsview Wealth Management, LLC (“KWM”), an SEC Registered Investment Adviser.