The Week Ahead

General market thoughts, earnings, and relative strength watchlist...

From a technical perspective, we are in the midst of the first real test for the indices since this rally began off the SVB lows.  Since the March YTD lows, the S&P 500 has not spent more than 2 days consecutively under the 21 EMA support line (until now).  We have now closed under the 21 EMA 4 days in a row and 6 of the last 7.