Although earnings season is in full swing, trading volume has been relatively light this week. Perhaps investors are waiting for the stock market to show some direction. It could happen next week, one that’s jampacked with earnings and market-moving economic data, or the following week after the US election and Fed meeting. A Bird’s-Eye View Of the Stock Market Tesla’s upbeat Q3 earnings on Thursday juiced up the Nasdaq Composite ($COMPQ), the laggard of the three US broad market indexes. This price action continued into Friday, with the Nasdaq reaching a record high. Sadly, it couldn’t hold on to it, but still managed to close higher by 0.56%. The S&P 500 ($SPX) and Dow Jones ($INDU) snapped their six-week winning streak, but the Nasdaq retained its seven-week winning streak. Technology was the top-performing sector on Friday, followed by Consumer Discretionary and Communication Services (see the StockCharts MarketCarpets screenshot below). It…
