A refreshing broad based rally off of positive econmic data and a relatively relaxed Fed chair. Yesterday's base was enough to bring buyers back in a big way today. The NASDAQ gapped up on the open and never looked back. We had two distinct waves of buying from pre-market until 11:30 and the again from 1:30 EST until the close. The SOX paced the way but all major tech sectors participated in a big way. The NDX heatmap is almost all green with AKAM, NVDA and JOYG all adding 8%+ on the day.The NAMO and NA50 charts both show that the last two trading days have brought buyers back into the equity market. Resistance is just overhead so we may consolidate some of these gains early next week. Tomorrow is triple witching options expiration and if today is a good indicator, it could be less volatile than usual. Good trading to all those who participate!
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