So far this week, the markets have been unable to add much to last week’s enormous rally. Market technician Dave Chojnacki of Street One Financial examines the recent action and updates the key technical levels that investors should focus on as a busy earnings week progresses.
Equities opened the session higher on Monday, but then struggled to move in concert. Once again, big cap Techs were seeing all the money rolling into them helping to push the Nasdaq 100 (NDX) to new highs. This marked third session in a row of new highs for the NDX.