QQQ

Nasdaq remains the strongest index among other indexes like SPY and DIA and most of the leaders right now are tech, biotech and etc. So for market continues to climb higher, it is important to look at the price action closely, if the leaders start breaking down, the market likely to go down sharper if there are no other stocks picking up the slack.

After the market goes lower low on thursday, it quickly bounced off the moving average and on Friday, it shows further strength by giving out reversal so the bullish trend intact for now. Next week is critical if the price action can take off May 12 and May 13 high, then I expect there will be fresh money chasing high in the market.

Stay safe and healthy~