Top 10 Report – January 8, 2020

Market Insight

The strength and constructive action across the general market indexes has carried over into this week so far.

The NASDAQ, S&P 500, DOW and Russell 2000 have all continued to make constructive progress higher and the distribution count remains at 2 days on the NASDAQ and 3 days on the NYSE, which is low and not at all a concern.

The uptrend in the general market continues to be well supported by a broad base of healthy leadership. Also, significant rotation of any sort has yet to take place, so all the leading sectors and industry groups we’ve been discussing remain in play. They were the technology, medical/biotech, retail, building, financial and transportation sectors.

Continue to keep track of the strongest stocks in the strongest groups, with the best fundamentals. Focus on the very best of the best and wait for the perfect entry to develop. Set your alerts and be ready to buy these stocks as entry areas present themselves.

The Indicies

The NASDAQ has continued to make constructive progress higher so far this week and despite the recent negative headlines and wild volatility, it finished yesterday’s session just slightly below recent all-time highs.

The Russell 2000 has pulled back to its 21-DMA/23-EMA in a constructive manner over the prior few sessions and is currently trading slightly below recent highs.

The S&P 500 has continued to make constructive progress higher so far this week and despite the recent negative headlines and wild volatility, it finished yesterday’s session just slightly below recent all-time highs.

The DOW has continued to make constructive progress higher so far this week and despite the recent negative headlines and wild volatility, it finished yesterday’s session just slightly below recent all-time highs.



More .Content
January 7, 2020

Thank You for subscribing to our mailing list!


FREE EDUCATIONAL CONTENT AND EXCLUSIVE DEALS

Thank You for subscribing to our mailing list!