The Gilmo Report

February 20, 2019

February 20, 2019

The indexes started the week off with higher highs, as the NASDAQ Composite Index pushed just a bit further above its 200-dma. This keeps it in step with the other two Big-Three market indexes, both of which have pushed a reasonable distance beyond their own 200-dmas. Today, the NASDAQ churned along its 200-dma on slightly higher volume, but so far is holding tight along the line.

 

 

The S&P 500 and Dow Jones Industrials Indexes both remain well above their 200-dmas, logging higher highs on Tuesday as well. Volume was higher, but the action had a bit of a churning characteristic to it. Nevertheless, for now the uptrend remains intact from an index perspective.

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