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.
Here you guys. Constructive week overall. Saw 2.7% gain in the sp-500 . A 3.67% gain in the Russell 2000 . A 3.76% gain in the Nasdaq. Nice action for sure.