Top 10 Report – August 26, 2020

The Indexes

The NASDAQ continued to close at new all-time highs Monday and Tuesday, although volume remained below average as is typical of summer, despite finishing Monday’s session a touch higher.

The S&P 500 gapped up, rallied 1.00%, closed near its high for the day and at a new all-time high Monday, then followed through to another new all-time high yesterday, although NYSE volume declined and finished below average which is typical of summer.

The Russell 2000 has continued to hold up in a constructive manner just above its most recent prior high and the confluence of its 21-DMA/23-EMA so far this week, and is looking poised to move higher from here.

The DOW gapped up, rallied 1.35% and closed near its high for the day Monday, then pulled back slightly as volume declined yesterday which is considered constructive action.



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