TECHNOLOGY LEADING MARKET HIGHER -- A LOOK AT THE BIGGEST TECHS -- SILVER SQUEEZE?

TECHNOLOGY STOCKS LEAD MARKET HIGHER ... Technology stocks are the strongest sector in a strong market day.   The Technology SPDR (XLK) is trading nearly 3% higher today.  The biggest tech stocks are also having a strong day.  Chart 1 shows Apple gaining nearly 2% while keeping its uptrend intact.  Chart 2 shows Amazon.com climbing 3.7% after touching its 50-day average on Friday.  Chart 3 shows Facebook finding support near its 200-day average.   Chart 4 shows Alphabet nearing a new record.  While Chart 5 shows Microsoft nearing a new record as well.  The Dow and S&P 500 are also having strong a strong day with the SPX bouncing off its 50-day average.    All eleven sectors are in the black.

IS SILVER BEING SQUEEZED?   Silver and its miners are having an especially strong day.   Media reports are suggesting that silver is undergoing a short squeeze similar to what happened in some stocks last week which accounts for today's large gains in the commodity.   The daily bars in Chart 7 show the Silver Trust trading nearly 7% higher today.  It actually touched an eight-year high this morning before backing off a bit.  Its miners are sharply higher as well.  Chart 7 shows the Global X Silver Miners ETF trading 11% higher but well off its earlier morning highs.