We will have a bigger report on Sunday but:

Tech acts well. Internet acts well. Beta acts well but:

JUST WATCHING FINANCIALS. They rallied up a little bit this week but the pattern, to our eyes, is suspect. It looks like a topping process. Bad break, rally up into resistance (which was support) and moving averages and than make a lower high rolling over again. The lower high has not been made yet but one decent down day from here will take care of that. Next Friday starts the FINANCIALS earning’s free-for-all. We are in hopes the reaction is positive. We continue to highlight this area because it has led since the election.

The White House has confirmed that China’s president Xi Jinping will meet with President Trump at Mar-a-Lago in Florida on April 6-7.  This comes at a time when there is lots to talk about. For starters, Trump has been railing against China since his campaign using words like “cheats” to describe China’s currency and trade. We suspect the rhetoric will calm down leading to this meeting. On top of that, there are other worries as North Korea continues to want to show muscle but also the disputes in the South China Sea.

The fact is both sides need each other and need to work together. More on this as we get closer.