26/10/2020 - 08:41
Weekly Wrap: Where’s the Consolidation?
The mainboard rose another 1.9% last week to reach a weekly high of 961 points. The VNI is now flat YTD after rising 46% off the bottom in March. It may be hard to believe, but the VNI is now just 3% below its YTD peak in January and 4% below our 1000-point 2020 index target. Another technical highlight from last week: the VNI’s 200-day moving average ticked higher on October 23 after falling for the past 11 months.
