The Gilmo Report

January 14, 2018

January 13, 2018

The market continues to display incredible upside thrust in the New Year as the major market averages as the NASDAQ Composite Index made another all-time high on Friday, along with most of its other major market brethren on volume that was a shade higher. So far, barring a courtesy pullback on Wednesday, there has been no stopping this market.

On Friday, the NASDAQ also decisively broke out of its uptrend channel extending back to late September as it begins to accelerate to the upside. This is also evident in the action of several big-stock NASDAQ names, which are leading the charge. This is, however, not the case all around, as we will see further below.

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