Top 10 Report – August 31, 2020

The Indexes

The NASDAQ rose almost vertically last week, closing at a new all-time high every day but Thursday and is now extended well above its short-term 10-DMA, where a little rest would not be surprising.

The S&P 500 rallied for the last 7 consecutive sessions, closed at a new all-time high every day last week and is now extended well above its short-term 10-DMA, where a rest would not be surprising.

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 closed at a new all-time high every day last week except Thursday, as it continued to stretch above its short-term 10-DMA, where a rest would not be surprising.



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