The Chase Is On

Detailed analysis below...

The market rally continued last week with the S&P 500 advancing +1.83%, Tech (QQQ) advancing 1.79%, and Small Caps (IWM) rallying +3.33%.

In line with this trend, we observed a substantial influx of capital into the Tech sector last week.  In fact, Tech stocks just saw their biggest weekly inflows on record (dating back to 2002).  This surge in demand suggests a clear chase for exposure in Tech.