Top 10 Report – April 27, 2020

The Indicies

The NASDAQ began last Friday’s session weak, but ultimately rallied 1.65%, closed near its high for the day and continued to trade above its key 50-DMA, which is healthy and constructive action, despite weaker volume.

The S&P 500 began last Friday’s session weak, but ultimately rallied 1.39%, closed near its high for the day and continued to trade above its key 50-DMA, which is healthy and constructive action, despite weaker volume.

The small-cap Russell 2000 has been moving sideways for the last couple weeks as volume has tapered to well below average, which is considered constructive action and often precedes a move higher.

The DOW has been tightening up over the last couple weeks as it has moved sideways on declining volume, which is considered constructive action and often precedes a move higher.



More Content
April 26, 2020