Nasdaq all the way

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

  • 1
    CRM SALESFORCE.COM INC
  • 2
    FIVN FIVE9 INC
  • 3
    NOW SERVICENOW INC
  • 4
    PAYC PAYCOM SOFTWARE INC
  • 5
    PCTY PAYLOCITY HOLDING CORP

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