- $SPY has broken out to make new all times.
- Price is over all moving averages.
- Extremely overbought RSI at 81.22. This is one of the most overbought markets in history.
- MACD remains under a bullish crossover.
- Small increase in the trading range with ATR Friday after the gap higher.
- Last week volume started low but increased as the market slowly went higher.
- $VIX closed the week near where it opened the week at a historically low 9.97.
- The tech sector has lagged the market with leading tech stocks not making new highs with the S&P 500 as a whole.
- The financial sector ETF had a strong gap and go in price Friday. $XLF
- Transports are strong and near new highs.
I am still currently long $UWM and $QLD.