Top 10 Report – June 29, 2020

The Indexes

The NASDAQ pulled back 2.59% on huge volume Friday and added a distribution day, although it found support at its 23-EMA, so the next few days of action on this major index will be very important.

The S&P 500 pulled back 2.42% on huge volume Friday, finished the session back below its long-term 200-DMA and near its low for the day adding another distribution day, although it found support slightly above its key 50-DMA, so the its next few days of action from here will be very telling.

The Russell 2000 fell 2.69% on heavier volume Friday, but found support at its 65-EMA and well above its key 50-DMA, so its next few days of action from here will be very telling.

The DOW fell 2.84% on heavier volume Friday, closed slightly below its 65-EMA and near its low for the day, but found support at its key 50-DMA, so its action from here will be very important.



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June 28, 2020