Aug. 13 at 10:31 AM
$SPY following through higher after 3 weeks of consolidation and looks ready for more,
$QQQ also very strong action. Again every single dip continues to get bought up very quickly.
We look very good in terms of long term outlook. This continues to look like a lock out rally to me and overall very bullish action on the market.
The big cap tech names like
$NVDA AVGO
$MSFT $AMZN continue to lead and money is still flowing into those names.
The weekly chart looks great to me, more consolidation would be healthy, but lots to like overall. Only thing to be cautious about is the gap ups might get filled sometime.
