The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq made new all-time
highs this week, holding trend along their respective 10- and 21-DMA. Distribution stands at one
and six days, respectively, though two days expire on the Nasdaq early next week.
Symbol: YETI
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq remain above their respective 10- and 21-DMA with one and five distribution days, respectively. No distribution days will expire next week, but two will fall off the Nasdaq the following week. Resistance remains alltime highs of 3,393 on the S&P 500 and 11,121 on the Nasdaq before its upper channel line.
Yeti Holdings
What’s happened? Yeti released strong Q2 FY20 results, with better-thanexpected revenue and EPS, yesterday before market open. Despite the good results, the stock closed 1.6% lower. We recommend that investors hold the
stock and look for support at its 50-DMA, $42.63
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq continue to show constructive action, pushing through near-term resistance yesterday. The next level of resistance on the S&P 500 is all-time highs of 3,393 (+1.3%), while the Nasdaq faces resistance along its upper channel, which is ~3% above yesterday’s close. The distribution day count remains low at one and three days,
respectively.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 continues to trend off 21-DMA support with the next level of resistance at all-time highs of 3,393 (+1.3%). The Nasdaq pulled back off all-time highs on Friday as Technology paused, while Financials, Retail and Industrials came under accumulation. The Nasdaq still closed off session lows and remains well above 10- and 21-DMA support. Distribution remains relatively low with one day set to expire on both indices next week.
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq continue to show constructive action, remaining above short-term moving average support with limited distribution. The distribution count stands at one and three days, respectively. Resistance on the S&P 500 is ~3,328, which would fill the February 24 gap lower, before all-time highs of 3,393. Resistance on the Nasdaq is now its
upper channel line, which is still 4–5% above current prices.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq held support at
their respective 21-DMA this week before closing at the highs of the session on Friday. Positively,
both indices avoided distribution with the count falling to just one and three days, respectively. We
have yet to see a clustering of distribution days and leading ideas continue to trade constructively
above support
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq pulled back off
early week gains, however, both managed to close off lows and keep a relatively low distribution
day count. Further, two distribution days will expire on the S&P 500 and one on the Nasdaq
next week. Extended leadership is also acting well despite pulling back off significant gains. The
majority are consolidating above support rather than breaking down in concerning fashion. Should
weakness persist, we will be looking for both indices to close above their respective rising 50-DMA
(S&P 500: 3,104; Nasdaq: 9,933) to remain constructive.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq pulled back off
early week gains, however, both managed to close off lows and keep a relatively low distribution
day count. Further, two distribution days will expire on the S&P 500 and one on the Nasdaq
next week. Extended leadership is also acting well despite pulling back off significant gains. The
majority are consolidating above support rather than breaking down in concerning fashion. Should
weakness persist, we will be looking for both indices to close above their respective rising 50-DMA
(S&P 500: 3,104; Nasdaq: 9,933) to remain constructive.
US Focus
The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq remain resilient and are
holding above their respective 10-DMAs despite Monday’s downside reversal. The S&P500 is less
than 1% below resistance at 3,233 and remains in a 6-week consolidation. Distribution count has
declined this week and currently stands at four and two days respectively.
