Stock Market Back at breakout Pace
The bull market lingers on, Wednesday close marked as 4 days consecutive wins for the bulls. Yesterday premarket session, index turned negative/ -1% on CPI index release, buyers stepped in and pushes it back up in green territory, closing in at full >1% basis . Back in 2017, we seldom had the full 1% move on benchmark, but this 2018 it is a " common" thing. Per our compiled data NASDAQ hit its 9th full 1% move yesterday. The liquidity and volatility present in our current market is at healthy pace.
- Apple (AAPL) Amazon (AMZN) Netflix (NFLX) Alphabet (GOOGL)
- SPY, QQQ, DIA, XLF, XRT, XLE, IYT, IWM, IBB, SMH
As for the daily moving average, yesterday price action pushes it to breakout territory.
Twitter: @ Kris_tin27