Top 10 Report – April 20, 2020

The Indicies

The NASDAQ rallied 1.38% on heavier volume, closed near its high for the day, and finished the week solidly back above all of its moving averages, which is an indication of strength.

The S&P 500 rallied 2.68% as volume on the NYSE expanded, closed near its high for the day, and reclaimed its 50-DMA and 65-EMA, which is an indication of strength.

The small-cap Russell 2000 has made constructive progress higher with the other major indexes since the market followed through, although it still remains the furthest below its key 50 and 200-DMA’s.

The DOW The picked-up volume as it cleared recent resistance at the 24,000 level and closed near its high for the day, although it still remains slightly below its 50 DMA.



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April 19, 2020