We really thought coming into Friday, markets were ripe for a pullback as the herd had been thinning, indices were extended and a little too much froth. After Friday, we thought we had started a little corrective work. We did not think it would be troublesome because of how many names were working but nevertheless…AND markets gapping back up today. We’ll see if it sticks.
Starting to get some earnings…LULU gaps up. ABMD, INGN, FIVE gap down. Big FINANCIALS week for earning. Stay tuned.
Leadership in the markets, particularly TECH, INTERNET, SOFTWARE and all that continues.