NASDAQ HITS ANOTHER RECORD -- MICROSOFT AND SEMIS LEAD TECH SECTOR -- JACOBS ENGINEERING AND QUANTA LEAD XLI

TECHS AND NASDAQ CONTINUE TO LEAD THE WAY... Big techology stocks are leading the market higher today again.   Chart 1 show the Nasdaq Composite Index reaching a new high as did the Technology SPDR (XLK).  Its biggest percentage gainers were Microsoft and a number of chip stocks.  Chart 2 shows Microsoft (MSFT) gaining 5% to challenge its July high.  Chart 3 shows the PHLX Semiconductor iShares (SOXX) hitting a new record today.  Two of it leaders -- Qualcomm (QCOM) and NVIDIA -- alsohit new records.

JACOBS ENGINEERING AND QUANTA LEAD XLI HIGHER...Chart 4 shows the Industrial SPDR (XLI) close to moving above its 200-day average.   It's getting a lot of help from a couple of heavy construction stocks.   Chart 5 shows Jacobs Engineering (J) jumping 6% today to clear its 200-day average; and is also testing its June intra-day high near 91.  Chart 6 shows Quanta Services (PWR) trading above both moving average lines and gaining 3% today.   Both stocks have promising chart patterns.     Small cap stocks are also having a relatively strong day which is another positive sign.  And seven sectors are trading higher including technology, healthcare, energy, industrials, financials, communications, and materials.    So there are some positive things happening outside of technology.