Again, Tech and Bank Stocks are taking the lead as Wall Street stretches its gains after a gradual correction from the lows at 20453; while trading now at the 20567 recovery price. Compared with the overlay chart of the SP500 that is still at the resilient price of 2368 levels at the start of Monday's US trading session.
DOW Overlay SP500 US Trading Session
Coming from a market holiday last Good Friday,have given traders some relief as the three major indexes moving forward in a positive tone as earning season brings about fresh impetus in the market to find the next catalyst. This just shows that risk adjusted returns may have emerged back into earnings season after a geopolitical strain from OPEC & North Korea that provided uncertainty into the markets which led to the recovery of Gold prices back towards the 1290.00. And a safe haven move in the Yen's strength that saw the USDJPY traded near the 108.00 levels with the NI225 traded near the 18200 levels in the Asian session.
Resilient and Extending NASDAQ gains as round two (2) for #Tech & #Bank Stocks takes another shot on the way higher. MegaTrade101 Chart Link: https://s.tradingview.com/x/SpqDx4FC/
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