Tech earnings, jobs data to fan flames of 'melt-up' rally

US stocks ended last week at new record highs as the so-called "melt-up" continued.

The explosive rally looks set to continue in the short-term with earnings from tech giants such as Apple, Facebook and Microsoft and a relatively strong jobs report fanning the flames.

Higher trading volumes at discount brokerages suggest that small investors are jumping back into the market to chase gains. The main risk to the rally this week is the possibility of knock-on effects from foreign-exchange and bond markets.