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Digestion Working Just Fine
Monday's big move up saw some selling to follow Tuesday, but even the headlines about further trade limitations re. the US semiconductor industry and China couldn't keep the Nasdaq down at the lows for long. The day closed with the Russell up markedly. We believe the market to look bullish across all indices heading into the thick of earnings season - hour by hour day by day anything can happen of course, but we continue to see all time highs in the S&P500 and the Nasdaq - and maybe the Dow - in view within months.
Paying members, scroll right down for our latest take on markets. As always we look at the 10-year yield, the S&P500, Nasdaq-100, Dow Jones and the Russell 2000. You can use these charts for long-term investing context or short-term trading limits. They are the same charts we use to invest our own personal staff accounts.
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.
US 10-Year Yield
Looks like the 10-year is heading for a third re-test of recent highs.