Tech Stocks Fuel An Overnight Rally

September 26, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

This morning the market is going to make a new all-time high. Micron's earnings have sparked buying in semiconductor stocks.

PRE-OPEN MARKET COMMENTS THURSDAY - Last week the market made a new all-time high after a 50 basis point rate cut by the Fed. Support has been confirmed this week and the breakout held. We needed to see follow through buying this week to legitimize the breakout and we have it this morning. The S&P 500 is making a new all-time high before the open.

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