As we keep looking for more upside in the market, it’s important that the stocks we are trading are part of a sector that has held its bullish structure over the past few weeks and will likely continue to do so.
While we saw signs of distribution in industrial and transportation stocks last week, the technology and semiconductor names still look poised for a move higher. With four-hour squeezes currently firing long, and new 30-minute squeezes setting up in both GOOGL and QQQ, we’ll be playing those 30-minute squeezes for the push into new all-time highs.
It’s “make it or break it” time for the market this week, as the odds of us moving higher will start to dwindle if the back-and-forth action continues.
Stay Focused!