The NASDAQ Breaks Out

Published 06/09/2020, 01:29 AM
Updated 07/09/2023, 06:31 AM
US500
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US2000
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IWM
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IXIC
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Yesterday's gains were small but they were enough to see a breakout in the NASDAQ. Buying volume was down from Friday's but heavier than usual.

COMPQ Daily Chart

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

SPX Daily Chart

The Russell 2000 (via iShares Russell 2000 ETF (NYSE:IWM)) booked most of its gains on the morning gap higher as it finished on resistance of the February swing high.  Technicals remain net bullish.

IWM Daily Chart

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

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