We saw nice action in tech stocks last week, which could be the next rotation we see in the market, writes Scott Redler of T3 Trading Group.

The market made new highs again on Friday and the beat goes on for this resilient market. We saw volatility and trading ranges ramp up a little bit last week, though, which could help the shake things up from a short-term trader's perspective. The S&P 500 ETF (SPY) closed at highs on Friday making its highs of the day at $151.89 the new point of reference. The market continues to reward those that have a portfolio approach as IBD's big picture has been in a confirmed uptrend since Thanksgiving.

Apple (AAPL) gapped up and continued higher on Friday after the news on Thursday that David Einhorn plans to sue the company to force it to return some cash to shareholders. The stock now looks poised to fill its earnings gap at some stage, and any prolonged strength from AAPL could add significant momentum to the broader market. It was a nice three-day bounce type of trade, but could it be the start of something bigger?

Netflix (NFLX) saw a nice breakout on Wednesday above its recent resistance of $178. Then the stock is consolidating above top half of Wednesday's ignited move which is constructive. The stock has been strong after its earnings and is on the radar for follow-through.

Google (GOOG) continued its quest for a new high as the stock soared as high as $786 with a gap and go on Friday. It did come back and rested the gap's opening at around $780 but held this level and ended up closing at highs. There is some significant news Monday morning that company executive Eric Schmidt plans to sell about half his shares, let's see if that weighs.

Amazon (AMZN) still trading around $260 pivotal level and couldn't find momentum. Amazon has a short-term downtrend in place for the past two weeks. The stock also lost the support of its eight- and 21-day, and looks to be out of play for swing traders right now.

Priceline (PCLN) on the other hand, held its 21-day after a potent four-day pullback in end of January, bounced off the key moving average and also regained the eight-day last Friday. There is a short-term ascending channel also in place.

NEXT PAGE: Other Interesting Sectors

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Social media names have seen lots of action over the last few weeks.

LinkedIn (LNKD) continues to be a rockstar, extending impressively to new all-time highs on Friday after earnings. Following another blockbuster report from the social networking company, the stock finished Friday up around 22% on the day. I played this with a call spread into earnings, and gave that back on Friday. I will continue to watch it as a trading vehicle this week.

Facebook (FB) has felt heavy since the gap down on February 4, and is struggling to hold major moving averages. There are more compelling stocks out there right now.

Zynga (ZNGA) has been battered and bruised over the past year but finally woke up and gave investors a nice three-day move. Zynga was up 11% on Friday. The stock has cleared some key resistance levels on its way up, and could be on the radar for some follow-through.

Groupon (GRPN) is another beaten-up stock but it also has a nice intermediate uptrend since November. The stock has made its methodical move back to the upside and it is now reaching some pivotal resistance level of $5.50.

Yelp! (YELP) also has an uptrend support in place since November. Yelp has reclaimed all key moving averages recently and also has some more room to bounce.

There are a few other names in various sectors that we are paying attention to.

Goldman Sachs (GS) and JP Morgan (JPM) have been the strongest banks, but Bank of America (BAC) has woken back up after holding higher levels of support. It's now taking a break and consolidating above the eight-day. A break above the $12 pivot could add some power to its recent rally.

MGM Resorts (MGM), and all of the casino stocks, ignited higher on Friday on positive news on the Las Vegas Strip reported a 13% increase in gaming revenue during December and a potential ten-year trial period of online gambling in Atlantic City. MGM gained more than 4% and broke above recent intermediate resistance of $13.15.

VMware (VMW) broke out of its small wedging pattern at lows and looks poised to enter the big bearish gap. The stock still has a lot to prove but its actions in the last few sessions are telling us that the stock is trying to fill the gap. It could be a choppy road but the sentiment is more bullish then bearish right now, in my opinion.

3-D Systems (DDD) is the biggest name in the 3-D printing sector and has been very much in play this year. The very successful IPO from the latest 3-D printing company, ExOne (XONE), should keep the sector in play. DDD is stalling in front of its recent resistance of $67.60 but a break and close above this could put it back in motion.

By Scott Redler, Chief Strategic Officer, T3 Trading Group