00:00 S&P Closing Numbers
00:30 Nasdaq Close to Record
01:14 Possibility of Pullback
02:14 Semiconductors at High
03:30 Financials Update
04:40 Crude Oil Stabilizing
05:45 Blockchain and Crypto
06:55 UPWK Breakout Potential
08:25 Wrap Up
Key insights
The S&P 500 is rapidly approaching an all-time high, just 10 points away from reaching it.
“It might be one of those situations where the market breaks a new all-time high and then starts to pull back a little bit.”
The Russell 2000 went from a 52-week low to a 52-week high in just 33 days, setting a record for the market.
Semiconductors continue to be the all-time leaders, with nothing bearish about their momentum driving higher.
“We’re still innocent till proven guilty in the financials.”
“I would not be looking to sell these by any means. I’m not optimistic about them but I don’t have to trade everything and make money.”
“Fastly is one I’ll have an eye on and I update these every single day for subscribers to Alpha Trends.”
