Online Stock Trading | Nasdaq leads stocks higher on heavier trade

Nasdaq leads stocks higher on heavier trade


Filed Under Market Commentary |

Rally Tuesday, Nasdaq leading the charge finishing up 1.96%. Mid-Caps followed by Small-caps helped push stocks higher ending the session up 2.21% and 1.68% respectively. The August 15th follow through has been held in tact for now. Volume pushed higher from previous day giving a stamp of validity to the rally.
Nasdaq did clear July 3rd high of 2,190.44 with volume. Clearing near term highs are a bullish sign, we must stay above August 18th high of 2,165.47 to keep this rally intact. For the S&P 500 we are trying to clear May 8th high of 1,326.70. Let’s see if we can get there.
We are not close to an all in moment, but we are in an area where small positions are warranted.
Keep a clear head and enjoy. See you at Investors Paradise.
MktSpec

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