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The 10th Full 1% Basis Move on Benchmarks: SPX, DowJones and Nasdaq Composite

Kristin Alonzo

16-Feb-2018 09:05 AM

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U.S. indexes have pushed on their breakout territory level yesterday.  Correction from my yesterday blog, it was 9th not 10th day of Nasdaq & DowJones of full 1% basis move.  Yesterday closing, was the 10th full 1% basis move the index made this 2018, which is considered healthy for the market as it spurs liquidity and volatility.  We are at 7th trading week for the year  and we have hit 10th full 1% basis move.

  • Apple (AAPL) Amazon (AMZN)  Netflix (NFLX) Alphabet (GOOGL)
  • SPY, QQQ, DIA, XLF, XRT, XLE, IYT, IWM, IBB, SMH

*** Friendly reminder, U.S. stockmarket will be closed on Monday for President Day***

The daily moving average for DowJones and Transport starts to curl.

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