While there are plenty of serious arguments that justify this strength, the primary reason that it's so strong is mainly due to positioning.
While a near-term pause may be in the cards, improvements in trend and breadth are encouraging.
We know the federal government will be a buyer, as will the private sector, but there are challenges in this environment.
We could see some further price recovery in the short-run.
While earnings season and lower commodity prices have cheered tech investors, the Fed's stance and recent speculative behavior provide reasons for concern.
The charts of the entertainment giant are modestly positive before it reports fiscal third-quarter results after Wednesday's close.
Traders should be aware that there are a number of favorite tech plays that will be reporting results after Tuesday's close.
With its economy in recession, Hong Kong is finally recognizing that it must 'live with Covid' like the rest of the world.
The charts and indicators of the operator of a cloud-based artificial intelligence lending platform are largely bearish.
However, the July Consumer Price Index report later this week could change things.