Friday saw some big volume, although there was a relatively tight price action to close near the highs of Thursday.

Best of the action looked to belong to the Nasdaq as it knocks on the door of 5,287. A gap higher on Monday opens up for a push to new all-time highs. Watch if it coincides with a MACD trigger ‘buy', this will strengthen the validity for the move higher and encourage technical buying.
 

While longer term charts are still in bears' favor, there is an indication shorter term strength is contributing to a reversal in the long term.  First of these to come around is the Dow Theory – Dow:Transports relationship.  There is a positive channel break with a technical ‘buy' signal; can this end a 2-year+ decline?
 

While I remain disappointed with my Copper stop-out, commodities remain the value sector:
 

For next week, keep an eye on Tech indices. Value players can look to play the commodity opportunity, but need to be more flexible than I have been with the stop (i.e. smaller position with a wider stop).