Friday was a lacklustre day and there was little outside of Tech averages of interest. The Nasdaq and Nasdaq 100 finished higher - holding their breakouts. Momentum and long-term holders have little reason to sell, but taking partial profits would be prudent. Best of the action was reserved for the Nasdaq and Nasdaq 100; each finished at the highs of the day without doing much. The Nasdaq 100 holds its breakout along with the Nasdaq. What's key for these indices is that breakouts old.  Technicals are all bullish.

The index which looked ready to the pop spent another day on the sidelines.  There is little room for maneuver for either side so if the Nasdaq 100 doesn't pop tomorrow it's hard to know when it will. Volume climbed in accumulation and the MACD triggered a new 'buy'.

The Dow followed in the footsteps of other indices by mounting a breakout but it was the Russell 2000 which stole today's limelight. Starting with the Dow, it made a straight-forward break to new highs on higher volume accumulation. Technicals remain in good shape.

It has been slow in coming but Friday delivered on the week's promise. Friday offered a solid clean break of resistance on higher volume accumulation. It was a text book breakout accompanied by a MACD trigger 'buy'.  The only concern bulls will have for the coming week is a 'bull trap' marked by a two-bar reversal.