The Gilmo Report

August 2, 2020

August 2, 2020 12:14 am ET

All four big-stock NASDAQ names, Apple (AAPL), Amazon.com (AMZN), Facebook (FB), and Alphabet (GOOG), that reported Thursday after the close beat estimates. That led to gap-up opens Friday morning in all but GOOG, which gapped down and headed for its 50-dma.

The group chart below shows AAPL, AMZN, and FB gapping up to prior highs with AAPL clearing the $400 Century Mark and AMZN clearing the $3200 Century Mark. FB gapped up to new highs as well, however, and the morning party was on. GOOG meanwhile held support at its 50-dma.

 

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