July 20, 2022, 11:38 pm EDT
Another Strong Day for Nasdaq
Today is another strong day for Nasdaq which scored +1.58% gains which beat Dow Jones +0.15% and S&P 500 +0.59% easily.
Familiar mega caps came back to the spotlights: AMZN +4%, META +4%, NVDA +5%, NFLX +7%, CRM +5%.
Offensive sectors also lead from the left-hand side of the sector charts: technology, consumer discretionary, and communications as shown.
Nasdaq-100 (QQQ) filled the gap zone from a technical perspective so it recovered majorities of the ground since early June.
The stock market is getting into a more bullish bias. However, we are still in the early stage of the Q2 earnings report. Also, we need to see the reaction of the Q2 GDP number to confirm so let’s keep watching.