Las Vegas, NV, February 18, 2015 --(PR.com
)-- BrightSpark Trading reports the the stock market finished a strong week on an upbeat note with the S&P 500 (+0.4%) setting a fresh closing record high at 2,096.99. The benchmark index posted a weekly gain of 2.0% while the Nasdaq Composite (+0.8%) outperformed to end the week higher by 3.2%.
Equity indices climbed out of the gate after the futures market received an early morning boost from a better than expected Eurozone Q4 GDP reading (+0.3%; expected +0.2%) that was largely driven by a 0.7% quarter-over-quarter expansion in Germany (expected 0.3%).
Meanwhile, Greece was not a focal point on Friday, but Eurogroup chief Jeroen Dijsselbloem did say he is “very pessimistic” that Monday’s meeting can produce a concrete solution as Greece maintains high ambitions despite limited possibilities.
Six of ten sectors finished in the green with cyclical groups setting the pace, which was the case throughout the week. The energy sector jumped 2.0% to extend its weekly advance to 2.6% thanks to a rally in crude oil. WTI crude advanced 2.9% to $52.67/bbl and held its ground through the release of the latest Baker Hughes U.S. rig count, which revealed a decline of 98 to 1358, representing the 10th consecutive weekly decline.
Robert Evans BrightSparks’ Director of Operations says “We did not take any profits or close any positions in our inaugural week. All our positions are still open earning profits.”
BrightSpark’s method is based on 1pt. equaling a $1 price move multiplied by the number of shares their clients would trade. So if a BrightSpark client was trading with an average of 1000 shares in every position which BrightSpark sent an alert, last week, a BrightSpark client would have earned over $10,000.
To see which trades BrightSpark issued last week and to learn how BrightSpark Trading can help you earn well above average returns week after week, visit their website.