While Technology (XLK) stocks continue to do the heavy lifting on the S&P 500 (SPX), several software (IGV) names are making meaningful rebounds.

Sizzling Action in Small-Caps

Small-cap names continue to make remarkable strides.

Talk about bottom-fishing: Atlassian Corp (TEAM) has been devastated this year, but found buyers on Friday. The photonics trade is broadening out as well.

We come into the week with a strong gesture from President Trump to guide ships through the Strait of Hormuz.

Today's Session

Early-morning angst over (false) statements from Iran and anticipation of ships taking up the White House's offer to be guided through the Strait, are adding some pressure on the market.  Meanwhile, all the action is on the NASDAQ, as the AI buildout continues to benefit more names and niches.

The real story of the rally is the monster spike in earnings revisions.