AllMarket Summary
logoArgusOctober 07, 2020

Market Digest: ITGR, INTU, LGND, W

Technology, Healthcare, Consumer Cyclical

We have raised our intermediate-term technical outlook back to Bullish from Neutral. We lowered the outlook on September 18 -- and while all the major indices dribbled lower for a few more days after breaking their respective 50-day averages, the market has made a nice recovery. The S&P 500, Nasdaq, Nasdaq 100 (QQQ), S&P 400 MidCap (MDY) and Russell 2000 (IWM) have all recaptured their 21-day exponential and 50-day simple averages. Some indices even made a higher high on Monday.

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