Square May Decide if it is Hip to Be Bear

Jack Dorsey's better half, Square, is set to report earnings tonight after the bell. 

Much like NVDA tomorrow night, SQ is a new market growth leader which has enjoyed a strong if not steep rally ahead of this earnings report. 

And if bears are to negate the upside reversal by the small caps off their 50-day moving average which we saw today, then I suspect they will need to see some these leaders beaten-down in the manner PCLN TSLA have been. 

Beyond that, despite some glaring weakness in the high yield credit market, using HYG JNK ETFs as proxies, plenty of tech charts continue to fight the good fight.