Currently, stock index futures are trading above fair value, indicating a potential upward trend at the market open.
Last Friday was quite intriguing, with the US markets being notably led by Apple (NASDAQ:AAPL) and Amgen (NASDAQ:AMGN), both of which saw significant gains with a gap up at the opening.
This big up move was enough to send the Dow, the S&P 500 and the NASDAQ 100 up above recent highs and back onto daily buy signals.
The big question now is whether the market can sustain and possibly build on these gains from Friday.
I'm a little concerned that stocks that have recently popped like Alphabet (NASDAQ:GOOGL) and Tesla (NASDAQ:TSLA), pulled back over the next couple of days.
Let's hope that other stocks catch the wave and follow the upward trajectory set by Apple and Amgen this week.
This content was originally posted on the Stock Market Timing YouTube Channel