Stock Market Week Ahead: SpaceX And The Power Trend

The Nasdaq and S&P 500 faced declines Friday but the stock market power trend, defined by IBD trading rules, persists. A power trend indicates an uptrend with strong inertia that typically continues until key chart levels are breached. The market rally broke key support levels ahead of the week. SpaceX IPO, Apple's AI initiatives, and Oracle earnings are key upcoming events. The Dow industrials also saw declines during the session.