Galvanized Leadership

After lying dormant for quite some time in the spring months, marquee Nasdaq titans such as FB are trying to reassert themselves as market leaders. 

In addition, the likes of AMZN NFLX, which have been consolidating as impressively as any of the premier issues with institutional sponsorship. On the weekly AMZN chart, below, for example, note the tight base consolidation capable of breaking higher from here.

Perhaps the bull rotation case at this point would be to see some of the stretched healthcare/biotech plays take a rest while the tech titans in the Nasdaq attempt to reclaim leadership roles. 

I am watching these names closely this week to see if the strength can hold above recent consolidation highs.