April Market Rally Brings May Momentum?

Kevin Green says even with some background geopolitical concerns, the market performance trend is still higher. The S&P 500 (SPX) notched its first close above 7,200 in addition to the Nasdaq-100 (NDX) hitting a new closing high as well. Then, KG chimes in on Apple's (AAPL) latest quarterly report card with the iPhone maker revealing "extraordinary" demand, but also a cautionary tone on memory constraints. Speaking of memory, KG looks at the post-earnings pullbacks in SanDisk (SNDK) and Western Digital (WDC) saying these could be a "buy the rumor, sell the news" type of event. For the first trading day in May, he's looking at a smaller range with 7245 acting as upside resistance with 7200/7175 levels catching some gamma activity.

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