28 July 2016

SP 500 and NDX Futures Daily Charts - Rally Narrows Sharply To a Few Big Tech Names

It's mostly about Big Tech 'story stocks' like Facebook, Alphabet, and Amazon now.

The broader market seems sluggish, as if it is running out of gas.

This difference shows up most sharply in comparing the SP 500 and the Industrials against the Nas 100.

The Bank of Japan may do something worth watching overnight.

Let's see how the bulls can take it into the weekend.

Have a pleasant evening.