The DOW and S&P 500 both closed at all time high last Friday, yet the NASDAQ is lagging behind. At the end of August, NASDAQ was in overbought condition with 8.81% over 30-week moving average. The current three weeks correction has been supported by the 10-week moving average.
While the Nasdaq took a little break last week, the S&P 500 and DOW were charging ahead despite this and that scary headlines. Underneath the toppy looking indices, there are great many small caps are breaking out and entering a fast growing phase. You need to login to view the rest of the content. Please […]
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The big data and cloud based subscription service sector is on fire. This is a relatively new field. Although the big guys such as AMZN, MSFT and GOOGL have a lead, but the new players are continuously showing up. You need to login to view the rest of the content. Please Login. Not a Member? […]
The first week of September proves once again that September is not a good month for the stock market. The market had a mild selloff that was led by the small caps and NASDAQ. As soon as the S&P 500 broke out the old January 2018 high, it fell right back down below the old […]
S&P 500 successfully took out the January 2018 high and closed firmly above it amid the horrible headline news about a global trade war and domestic political issues. We have examined multiple aspects of the breakout and concluded that the breakout is real. You need to login to view the rest of the content. Please […]
