I started the week offering up Apple (AAPL) and Nvidia (NVDA) as shiny examples of the stock market's relentless comeback. AAPL held its leadership position by surging higher despite today's pullback of 1.2% for the S&P 500 (SPY) and 1.3% for the Nasdaq. NVDA pulled back with the market, but still maintains a bullish position with its recent breakout. 

These two stocks are still key points of strength for confirming the stock market's hard to believe bout of strength.

So what about the other signature stocks for the week? Here is a quick review followed by the original stock chart review in video form. Tesla easily leads the pack given its return to bullish positioning.

• Tesla (TSLA): confirmed its 50DMA breakout and is back in bullish form.
• Coupa Software Incorporated (COUP): The on-going buying pushed COUP right back into its downtrending 20DMA. The stock stalled here today. The price action here is a key test of the relief rally.
• Roblox Corporation (RBLX): Just net churn so far.
• Unity Software (U): U faded intraday from 50DMA resistance, so the stock faces a critical test.
• Global X Cloud Computing ETF (CLOU): Like so many rebounding stocks and ETFs, CLOU stalled right at its downtrending 50DMA. Yep, another critical test.
• Etsy, Inc (ETSY): You guessed. ETSY has stalled at its 50DMA.
• Beyond Meat, Inc (BYND): BYND stalled just below 50DMA resistance. Of all the stocks on this list, I am most skeptical of BYND. I fully expect it to soon resume its overall downtrend.
• DocuSign, Inc (DOCU): DOCU is still levitating above its pre-pandemic high a week after crashing below it. Until sellers prove otherwise, DOCU looks like it bottomed out and finally exhausted sellers.
• FIGS, Inc (FIGS): Slowly but surely the price action is getting more constructive. FIGS managed to confirm its 50DMA breakout so I am now ready to add to my position.
• Caterpillar Inc (CAT): Just grinding higher.
• Grindrod Shipping Holdings Ltd (GRIN): GRIN survived its test of 50DMA support and looks better and better.

Attempts to back into explanations for the stock market's strength fall short of just respecting the price action. If this rally is just the a respite from bear market trading action, then key resistance levels will generally hold. However, the longer price action stays positive, the more likely this relief rally will turn into a sustained bottom looking for a positive catalyst somewhere over the horizon.

Be careful out there!