Indices all set to rally....

Last week was digestive phase for market where Nasdaq rested and pulled back along with SOX.

Market was adjusting to highest rate of infection in Florida and other states where infection has spiked UP resulting in closure of many planned openings.

California, Texas, Colorado and many states are struggling with COVID-19 issues.

Earnings are going to be a catalyst to market...

Nasdaq & SOX went sideways last week and are all looking to make new all time highs

Microsoft & Tesla reporting on Wednesday which may give very strong close for the week.

S&P 500 is only 4.97% away from making new all time highs, it should make major progress towards that goal this week.

Nasdaq big guns rested or pulled back last week, which was very healthy.

Vaccine news is a daily phenomenon, overall markets are not reacting to it, it is only becoming stock news or sector news.

TSLA technicals are very strong and many technicians are highlighting for option play into earning, could 2000 be in the cards.......

Microsoft which also reports on Wednesday is a much more steady as she goes play. A very long term hold.

United Airlines reports on Tuesday may be a tell tale of what is inside the head of CEO as to how they will manage through this sudden spike.

American Airlines the cheapest play for daytraders reports on Thursday, biggest speculative play in airline industry.

TXN reports on Tuesday bell weather for technology.

SWKS reports on Thursday, may spark a rally for SOX....

SO lot to look forward to this week, but trend is UP.

Good luck with your own thesis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed