11 Jan, 2021 06:30 am

Good Days For Market Continue

Good Days For Market Continue
Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, SPDR S&P 500, iShares Russell 2000 ETF. Read Declan Fallon's latest article on

IWM Daily Chart The NASDAQ recorded some of its highest (buying) volume on Friday as it closed at its high.COMPQ Daily Chart The S&P also finished at a new high with the benefit of net bullish technicals—only relative performance is down against Small Caps.SPX Daily Chart The Semiconductor Index had a bright start on Friday but found itself closing a little lower by end-of-business Friday.SOX Daily Chart Traders have returned markets to a positive alignment after the initial loss.

The Russell 2000 (via IWM ) was a bit of an exception as it closed just a little down on Friday, but not before spiking at a high.The Russell 2000 did register as a distribution day on Friday, but the net effect was relatively minor compared to previous buying.

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