The Nasdaq managed to emerge with a small gain on Friday which was enough to return the index to its leadership roll. Technicals are net positive and despite Friday's lower volume it remains well placed to push on.

The S&P has been edging higher in a manner that makes it easy for long-term players to hold and not much for anyone else. 

But its the Dow which is offering more for traders as its breakout is close enough to support to offer a more attractive risk:reward.

The advance in the Russell 2000 has slowed, but it's still making its way towards channel resistance. On days where sellers have had control, the volume has been light, and the opposite has been true when buyers controlled the market. This is good news for Small Cap shareholders waiting for a breakout. 

Heading into next week we will want to see the Russell 2000 continue its advance towards resistance and eventual breakout. Should it do so it will offer a welcome shot in the arm for Large Cap and Tech indices - the former in particular needs some volume.