Markets climbed higher yet again last week, with both SPX and the Dow making new all-time highs. Last weekend, in my Market Forecast, I wrote:

"For the new week, it does seem like buyers are still trickling in. But, there's definitely caution on the market, as stocks have risen quite far in a month."

The broader market was stuck in a tight trading range, but, glided higher nevertheless. We had a mixed week. Here are the closed trades for the week:

For the week, the Dow was up +60.81 points; SPX added +7.9 points; Nasdaq gained +56.01 points. Oil continued to sinking, trading down to $75-and-change/barrel. Gold had a big bounce trading above $1186/ounce. At the time of this writing, Asian markets were mostly lower, on the news that Japan had slipped into recession in the third quarter. Here's where the US markets closed on Friday:

SPX

On Friday, SPX added +0.49 point to close at 2039.82. Its daily MAs were little changed The MACD slid.

Nasdaq

Nasdaq gained +8.4 points to close at 4688.54. Its daily MAs and MACD were little changed.

Both SPX and Nasdaq held up above their respective daily MAs. But, SPX looks tired. For the new week...

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