crazy action all week. what a way to start may!. end of april we reallied to highs but many of in the room were talking about how we werent goosing the returns out of the market you would think when market is at breakout. lot of stocks were lagging. i shold have seen that as …
Nice week in the markets. Tech stocks led the way with a 2.8% return in the QQQ ‘s. The action overall was bullish with the market reacting very favorable to earnings. The reactions were much better last week then the week before which gave an underlying bid to the market.
Here is a look at the market indexes. The overall price pattern is bullish. We do have some divergences that are showing up. Typically those can me ominous but we’ve seen them in the past 6 months to no avail. So be wary of them but follow price first.