Top 10 Report – May 4, 2020

The Indicies

The NASDAQ gapped down at the open, declined sharply for the rest of the day and and finished near session lows, although volume declined, which spared it from a distribution day.

The S&P 500 gapped down at the open, declined sharply for the rest of the day and and finished near session lows, although volume on the NYSE declined and finished well below average, sparing it from a distribution day.

The small-cap Russell 2000 gapped down at the open and sold off for the rest of the day with the other major indexes, although it ultimately found support at its 50-DMA and closed well of its lows for the session.

TheĀ DOW fell 2.55% on Friday and closed near its low for the day, although volume declined and it found support slightly above the confluence of its 23-EMA and 50-DMA.



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