A Backdrop of New Mexico Architecture

If the bull case does pan out for the broad market this summer, it is hard not to see Adobe taking over the reigns of mature tech leadership. 

On the daily chart, below, note ADBE basing soundly in the context of an uptrend. Earnings are not due until late-June. And I suspect a move over $97.20 now could get Adobe going well over $100.

Note that previous mature brand names, like GE, are nowhere close to being in favor as they once were. In fact, GE may be a short setup here. 

More in my usual Midday Video for Members.