Market technician Dave Chojnacki of Street One Financial recaps Monday’s big market rally and looks ahead to Tuesday’s action with an update of the technical levels to watch for the major U.S. stock averages.
With no major economic reports to start off the week, investors were willing to buy equities in droves, since no major events with North Korea occurred over the weekend. Traders picked up where they left off on Friday, buying back the big Techs most of all.