More bullishness on NDX

The big technology companies continue to push higher, while the RUT suffers. This trend has been quite clear now for sometime. In fact the NDX has not closed below its 10-day moving average since January 2, 2017, and it's only touched it four times intraday.

The market started off strong, but lost all its mojo and closed near its lows. I was able to sell some more NDX calls - this time I sold next week expiration's 5260/5270 call spread for 85. This would be above the current trajectory of the current channel that the NDX trades in. As the market is likely to show some signs of faltering later this week after two decent positive days, I think that this trade is rather a safe bet.