To gain an edge, this is what you need to know now.

Preholiday Buying Begins

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • The chart shows aggressive buying in tech stocks.
  • The market is following the script of buying during the week preceding Memorial Day.
  • The rally is especially strong because the market is coming off an oversold condition.
  • Lately, there has been a strong correlation between bitcoin and tech stocks.  A strong up move in bitcoin is also helping tech stocks.
  • Many stocks are experiencing short squeezes driving them upwards.