Another good day for indices as Dow breaks resistance to follow the lead of the S&P and Nasdaq yesterday. The Dow also delivered a MACD trigger 'buy' and +DI/-DI crossover on higher volume accumulation.

After yesterday saw the Russell 2000 finally switch to a net bearish turn in technicals, today saw markets move sharply higher.  This generated breakouts for Tech and Large Cap indices. The S&P enjoyed higher volume accumulation as it cleared the consolidation dating back to the start of December. The gains, while welcome, weren't enough to generate a MACD trigger 'buy'

It was another day of modest change with little real turn in bullish/bearish outlook.  The Russell 2000 was the only one index to mark a technical change with a net bearish switch in technicals (MACD, Slow Stochastics, On-Balance-Volume).

Trump's inauguration looks to have kept traders distracted as markets experienced a relatively quiet Friday, despite some higher volume trading. The S&P experienced higher volume accumulation but was unable to get past 2,275. Monday is another day, but keep an eye on the MACD; a gain with a new 'buy' trigger well above the bullish zero line will attract technical traders on the long side. This in turn will encourage short covering.