Now there has been new highs since December 26th 2018. Market has been up and this rally has been going on for 27 days !!
NASDAQ faces a new test shortly – 7450 to 7500 is a critical resistance. Currently it is around 7350. it is facing in 100 points a century figure and 200 day Simple moving average (SMA)
87.2 % of S&P 500 stocks are above their 50 days SMA. NASDAQ is about 400 points above their 50 days SMA.
High volume selling in NASDAQ and S&P 500 is just 1 in the last 27 days !
the industry group of Enterprise Software is up 30 +% in 2019.
PAYC has shot up 5 dollars yesterday and it’s EPS is due on Tuesday Feb 5th 2019
the top 5 stocks in this group are