Volumes today were excellent as investors jumped into many stocks that already are overbought. While Salesforce.com Stock (CRM) jumped an amazing 26% to close at $272.32, a new record for the company, other stocks also impressed including Adobe Systems Stock (ADBE) which rose $44.05 to close at $528.48 for an impressive 9% gain.
Facebook Stock (FB) jumped 8% to a new record high despite profit warnings. Shopify Stock (SHOP) rose 5% to $1089.33, Netflix Stock (NFLX) jumped 11% for a $57 gain and even Twilio Stock (TWLO) rose $15 for a 6% gain.
These After The Close Investing Strategy Notes look at the continued rally in stocks as well as investor nervousness as August draws to a close and September and October loom ahead.
....The rest of the After The Close Investing Strategy Notes are for FullyInformed Members.
Tech Rally Thanks To Salesforce – Investing Strategy Notes After The Close for Aug 26 2020