Monday, June 08, 2020

Nasdaq Breakout

Today's gains were small but they were enough to see a breakout in the Nasdaq. Buying volume was down on yesterday's but heavier than usual.

The S&P made small gains towards February gap resistance on continued good technical strength.

The Russell 2000 booked most of its gains on the morning gap higher as it finished on resistance of the February swing high.  Technicals remain net bullish.

Aside from the Nasdaq breakout there wasn't a whole lot to say on today's action. I suppose the main thing was that there was no divergence in primary indices.

You've now read my opinion, next read Douglas' blog.

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Investments are held in a pension fund on a buy-and-hold strategy.