The Market Bounced, But Buyers Are Not Aggressive.

Tech stocks rallied after reporting earnings but the intraday price action was sloppy.

PRE-OPEN MARKET COMMENTS FRIDAY - NVDA, CRM, OKTA and CRWD all traded higher after reporting earnings. The back drop was set for the market to stage a nice rally after a recent pullback. The SPY found support above the breakout from a few weeks ago and a strong rally would have indicated that buyers were interested. QQQ ran back above the 50-day MA and that should have also attracted buyers and forced some short covering. The daily chart looks good, but the intraday chart told a different story.

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