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Good Morning and Happy Monday! The heat has returned to most of the US and the markets followed suit last week with multiple new highs in the SPY and the QQQs making a run in that direction. Still a few major tech names such as AAPL, INTC, & AMD are still well off their highs. Two things to keep in mind about the upcoming week. 1. Over the past several months, nearly every time the markets have made as many new highs in a week as we saw last week, they pulled back after that. Sometimes the pull back was minor, but as early May in the QQQs showed us, a 5% correction can happen at any time. 2. Monday will be an important day for establishing, and confirming our direction for the week. Watching 30 and 60 min opening range breaks can be a clue as to where the day will head. Have a great day and happy trading!