Monday, April 24, 2017

NDX breakout

NDX gaped up today, out of a consolidation zone, it has been building since the end of Feb 17. This huge gap up is an interesting move and will have to see if it gets filled in the next few day or the markets continue to keep its uptrend, that started since the election on Nov 8th. Another interesting observation is that NDX is at new all time high but the SPY and DJI are not. The catalyst for the move seems to be the French election results that came out today as economist were probably closely watching European  politics after the BRIXIT's unexpected results.

Some important earning coming out this Thurs Apr 27 include GOOG, INTC.