Major indexes moved higher yesterday on lighter volume. The NASDAQ Composite Index broke out to a new all-time closing high while the S&P 500 Index broke out of its current three-week price range. Meanwhile, the Russell 2000 Index also made a new all-time high.
Futures are trading higher as investors put trade tensions aside, even after trade talks broke down between the US and China over the weekend. Leaders of the Group of Seven nations will hold talks on Friday and Saturday where the Trump administration’s trade tariffs could add some stress to the meeting.
Focus List Notes:
Nvidia (NVDA) finally followed all of the other Focus List names to all-time highs yesterday as it pulled a re-breakout move. We discussed this as being the only name still buyable in our weekend Focus List Review. All Focus List names are now extended and out of buying range.
Market Lab Report - Pre-Market Pulse for June 5, 2018
|Published:||5 Jun 2018 07:56 ET|
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