Friday delivered a solid move higher across indices. The Russell 2000 had the best of the action with a breakout gap higher on confirmed accumulation. The only negative is the relative underpeformance to peer indices. It's just a question what spanner Trump wants to throw at the indices; next week could be a long week.

The S&P had already registered a breakout, and Friday's gains just added to that. At the same time, underpeformance to the Nasdaq widened.

The Nasdaq logged yet another white candlestick on confirmed accumulation. The last down day was over 2 weeks ago, so odds are, we will see a couple next week. A breakout support test is the minimum to look for next week.

Bitcoin delivered a breakout earlier in the week before it drifted back to breakout support. I'm still liking this for more upside and it looks like it has a steady pair of hands.

The equal-weighted S&P broked from its indecision to move towards resistance. Such a test is likely next week, if not Monday. The question is whether it can follow the weighted S&P with a breakout of its own. Technicals are net bullish.

Semiconductors have been bordering on the absurd, and is fast approaching psychological resistance of 10K. I would look for some serious profit taking (in associated assets, like $SMH) when it gets there.

And if there was a downside area to look for, a cluster of Fib levels around 6K would not be unreasonable.

Indices have done nothing but go higher since there was a sniff of a ceasefire in the Iranian war. I see nothing to suggest a true ceasefire is in the works, so how markets have been so confident as to make new all-time highs (beyond their pre-war state) seems odd, but that's the market as it stands now, and price is king.

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Investments are held in a pension fund on a buy-and-hold strategy.