Netflix already reported quarterly results and set an all-time intraday high this week. Amazon, Alphabet report after the close today. Apple, Facebook, Tesla wrap up MOJO earnings next week.
As the Nasdaq regains momentum above 6,000, the ETFs for U.S. Treasury bonds, gold bullion, and dividend-rich utilities stocks lag, but continue to have positive weekly charts.
The dynamics among the 11 S&P 500 sector ETFs make investment strategies difficult to judge. You can't be bullish with energy negative, but bulls control 7 of the 11 sectors.
Diamonds ended last week with a negative weekly chart, while Spiders, transports and small caps were upgraded to neutral weekly charts, QQQ's has a positive but overbought weekly chart.