August 20, 2020, 7:54 pm EDT
Software Extended The Rally
Nasdaq scored about +1% gain today versus +0.2% for both DJIA and S&P 500.
Besides TSLA, ZM +6% gains, software showed strong accumulation today: MSFT +2%, SNPS +8%, ADBE +4%, NOW +4%, ZS +6%, UBER +7%, LYFT +6%, INTU +3%, ADSK +3%, CDNS +2%, ANSS +3%.
In addition, many stocks were breaking out of a new uptrend. Thus, it makes sense to add new positions in the software industry.
