Defensive Sectors and NASDAQ Are Leading The Market Higher

NASDAQ Is The Best Performing U.S. Index Prior to the COVID-19 induced market collapse, most major U.S. indices were making all-time highs (see Figure 1). Dow Jones Transportation Average (DJT) and S&P 500 Small Caps were two who did reach their respective highs that they made in October 2018.┬áThe February-March saw all indices to sharply…

Morning Notes – Wednesday April 22, 2020

Directional Bias For The Day: S&P Futures are higher; rising since 8:00 PM The odds are for an up day with elevated volatility – watch for break below 2728.25 for change of fortune Key economic data due: HPI ( 0.4% est.; prev. 0.3%) at 9:00 AM Directional Bias Before Open: Weekly: In Correction Daily: In…