Top 10 Report – September 14, 2020

The Indexes

The NASDAQ has continued to make lower lows since dropping sharply off its all-time high only 6 sessions prior and finished last week below its 50-DMA. However, it managed to pick up support just slightly below at its 65-EMA and bounce, which is a positive.

The S&P 500 dropped sharply off its all-time high with the NASDAQ and continued to make lower lows last week, although it exhibited more strength, ultimately finding support and bouncing at its 50-DMA, which is a positive.

The Russell 2000 continued to make lower lows last week and struggled to hold above its key 50-DMA, although it closed just a hair below its 65-EMA, which may still ultimately contain its decline from here.

The DOW pulled back with the other major indexes last week, although it continued to exhibit the most strength and is still holding up the furthest above its key 50-DMA.



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