Technology has been acting powerfully since the lows in mid-June and the Nasdaq is looking for its fifth WEEKLY gain in the last 7. And the benchmark is not doing it in a pedestrian manner but in a powerful sprint. This week headed into Thursday it is up 2%, and the previous 4 WEEKLY advancers rose 7.5, 4.6, 3.3, and 4.7%. The index is following through above a bullish ascending triangle as we know the best breakouts tend to work right away. This action feels like a new bull, as they are known for not letting investors in once the train has left the station. Any healthy rally needs to be accompanied by individual stock breakouts. In software, we have seen EVH break above a cup base pivot a 33.24 cup base pivot on 7/6 that went on to touch its 50-day SMA for the initial time following, often an ideal entry. PLAB has acted well after taking out a 21.90 double bottom trigger. CLFD screamed through a cup base pivot of 86.81 in an 8-month base. Below is the chart of ON in the semi space which broke above a double bottom trigger of 67.29. These are all very good signs, and with AAPL being up 4% Wednesday separating itself from its 200-day SMA, and looking for a 5-week winning streak depending on Friday’s CLOSE adds to the bullish narrative. We could be very early in this new uptrend, or it can fall apart soon, but the weight of the evidence suggests the former may be in the cards.