Bulls are using the force on this May the Fourth to push the markets into positive territory.
However the breadth is absolutely putrid, and once again we are seeing a flight into technology, primarily in the big tech giants, as Apple (AAPL), Netflix (NFLX), Facebook (FB), Amazon (AMZN), and Microsoft (MSFT) are ripping the faces off of shorts. However, there isn’t much else trading higher, as nine of eleven sectors are trending lower this morning.
Here’s my watch-list of long setups I am following: