S&P 500 / Nasdaq daily chart close with notes 2/8/19

The 25 day UPTREND is intact after holding the key 10sma support by the close.  Fridays lows are now important , as well as Tuesdays highs.  Stay  LONG vs your stops, as the market has done nothing wrong yet.

SPX 2 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/8/19

Yup, the Nasdaq held the key 10sma support also.  We identified early in the day certain stocks showing relative strength.  Those stock told us everything about the intra-day turnaround.  We always are searching for relative strength to lead the market higher.   There is a group of 10 stocks that are still in breakout mode and could still ignite tech stocks further this week.

naz 4 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/8/19

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