Topley’s Top 10 – July 15, 2020

1. Two Most Valuable Companies Ever to Choose SPAC IPO—Nikola and DraftKings.

WSJ-Twenty companies have used SPAC transactions to go public so far this year. Two of them, Nikola and DraftKings, are the most valuable companies ever to choose the SPAC route over a traditional IPO, according to Kristi Marvin, founder of SPACInsider.com, a website that tracks the sector. By Alexander Osipovich

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Topley’s Top 10 – July 13, 2020

1. The Difference in Tech Companies Over 200 Day Moving Average and S&P Companies Over 200 Day Moving Average at All-Time Highs

SentimenTrader notes This rally is ALL tech. While 76% of NASDAQ 100 members are above their 200 dma, less than 40% of S&P members are above their 200 dma. Tech is trying to lift up the index, other stocks aren’t participating. This has pushed the gap in breadth to an all-time high

Dave Lutz at Jones Trading.

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