The U.S.  stock market is in a congruent uptrend since the beginning of the year.  S&P 500 YTD has now pared off 2018 performance.  The FED remains the main driver of the stock market direction as we have witnessed on the December & January FOMC tone on rate  & balance sheet normalization outlook.

Per price action basis, the Cloud  SaaS stocks has been the top performers or the new FAANG group; namely TTD, TEAM, TWLO, WDAY, DATA, SPLK, NOW, & CRM.  If you are a momentum or trend trader, those names are perfectly suited for your strategy.

For small caps biotech stocks: