First day of August – market feels tame

Weekly chart on the right appears to be forming a top. but it is clearly in an uptrend

daily chart (on the left) – good chart damage a few days ago in higher volume

Major Indexes rose only 0.2 % – 0.3 %. Small caps ran up – Russel went up 0.2%

On NASDAQ – volume – a good indicator of institutional buying is roughly even compared to Monday.

The best Industry group today is automation industry – up 4.1% – supported by CGNX  – up 11%

Consumer loan, oil field services, scientific and measuring gear, heavy construction and outsourcing companies also outperformed well and grew more than 2% today.

 

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