Technical Tuesday - August 4, 2020 - Equities

publication date: Aug 4, 2020

Uptrends remain firmly in place for most of the indices reviewed, with the exception being the Dow Utilities.  The S&P 500 is getting close to our MFU-3 target area which coincides with the February highs of this year.  We may see a pause in the advance into that area.  Upside momentum continues to expand for the Nasdaq Composite, and we highlight the Software group as an area to add exposure.

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