The French election ended with a run off that is due in a few weeks and this news caused the markets to make a massive gap up even though we have a deficit ceiling to deal with at the end of this week.

Let’s take a look at the leading averages that are showing a large gap that is usually filled in a relatively short period of time.

My short term trading oscillator moved up and closed the day at plus 33. This leaves more room for upside in stocks.

Now on to a dozen or more momentum stocks as we move into the heart of earnings season this week and next.

I hope to see you in the chat room Tuesday and Wednesday and then back here Wednesday night.

Daniel J. Zanger