Well, any hopes we bears had about Alphabet re-igniting the bear market have been laid waste. The stock is absolutely exploding higher by triple digits, and it has sliced through virtually the entirety of its (former) topping pattern.
Even with Google’s breathtaking ascent, the NQ still has a massive top in place (and, yes, the NQ below does take into account GOOGL’s after-hours explosion). All the same, this is definitely another stab in the heart of the baby bear cub that was frolicking around happily as recently as Friday morning.
