Last week the market moved within a tight corridor, bouncing between a solid 6,797 support level and a 7,000 ceiling. The index’s range‑bound behavior reflected a cautious tone among traders, even as overall volatility nudged higher.
Sector charts painted a mixed picture. Energy, materials and industrials continued to post firm gains, reinforcing their defensive appeal. Meanwhile, a handful of more aggressive groups—particularly some high‑growth tech and consumer‑discretionary segments—showed clear bearish momentum, suggesting investors are rotating out of riskier bets.
Among individual equities, several names have outpaced the broader index over the past three months. Companies such as Teradyne (TER), Ciena (CIEN), Fastenal (FIX), Viavi Solutions (VIAV), Aeterna Zentaris (AEIS), Calyxt (CALY) and Lam Research (LRCX) have delivered notable upside, making them worth a second look for momentum‑seeking portfolios.
Looking ahead, the key question remains which side of the 6,797‑7,000 band will break first. A decisive move above 7,000 could spark fresh buying, while a slip below 6,797 might trigger broader risk‑off pressure.
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