Following the disappointment of the BLS August Non-Farm Payroll data, the general assumption was that stocks would sour, as also presaged by the index futures on the Dow Mini, et. al..
Such was not the case. Stocks rose throughout the day, based upon algorithms interpreting all news as positive, giving the Dow Industrials its best gain since July 25th.
The NASDAQ ended the week with both the best point and percentage gains, +74.60, and +0.96%, respectively.
One very prescient observation is that while volume has all but dried up the past few weeks, it's much easier for stocks to find bids than otherwise.
A resumption of the more serious selling seen in February and March is unlikely to occur until after Labor Day.
These are certainly dog days, a period in which short-side players should exercise extreme caution.
Dow Jones Industrial Average August Scorecard:
| Date | Close | Gain/Loss | Cum. G/L |
| 8/1/18 | 25,333.82 | -81.37 | -81.37 |
| 8/2/18 | 25,326.16 | -7.66 | -89.03 |
| 8/3/18 | 25,462.58 | +136.42 | +55.05 |
At the Close, Friday, August 3, 2018:
Dow Jones Industrial Average, 25,462.58, +136.42 (+0.54%)
NASDAQ: 7,812.01, +9.33 (+0.12%)
S&P 500: 2,840.35, +13.13 (+0.46%)
NYSE Composite: 12,953.34, +55.27 (+0.43%)
For the Week:
Dow: +11.52 (+0.05%)
NASDAQ: +74.60 (+0.96%)
S&P 500: +21.53 (+0.76%)
NYSE Composite +32.00 (+0.25%)
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