How Things Stand in the Market as of Sunday, Oct. 13th, 2024

Good Morning, Traders & Investors–

With few potentially market moving economic reports due next week, other than Thursday’s retail sales, the market will zero in on two consequential earnings releases from two tech leaders, ASML Holdings (ASML) on Wednesday morning and Taiwan Semi (TSM) on Thursday morning. Meanwhile, I’d continue to monitor the Nasdaq’s progress towards that 18327 level mentioned earlier as it is an acid test, of sorts, for the strength of the ongoing rally.