Top 10 Report November 11, 2019

Market Insight

The NASDAQS&P 500 and DOW finished Friday’s session just a hair below recent all-time highs and the Russell 2000 continued to make constructive progress higher. The distribution count now stands at 4 days on the NASDAQ and 3 days on the S&P 500.

Earnings season has maintained a positive tone, and most importantly of all, a broad base of leading growth stocks continues to lead the market higher. So, continue to keep track of the strongest stocks in the strongest groups, with superior fundamentals. Set your alerts and be ready to buy these stocks as entry areas present themselves.

It’s important to exercise discipline and wait until you see “your setup,” so you have the conviction to stick to your guns when things get volatile and emotions are running high. Never forget, waiting a proper setup entry area is always your best defense.

NOTE: Earnings season is winding down, however, it’s still important to check and double check when a stock is due to report EPS before initiating a position. These dates change, and often at the last minute.

The Indicies

The NASDAQ held up sideways in and around all-time highs last week, which is a sign of strength.

The Russell 2000 traded sideways above significant support last week, which is a sign of constructive strength.

The S&P 500 held up sideways in and around all-time highs last week, which is a sign of strength.

The DOW continued to ride up its short-term 4-EMA last week and finished Friday’s session just a tad below recent all-time highs, which is a sign of strength.



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November 10, 2019

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