Weekly recap and a look ahead at the week to come
- $IGV new closing highs since we bottomed in April and now less than 5% from a new all time high.
- $CIBR $HACK leading group $CRWD $NET $OKTA $PANW $FTNT $RBRK most of these names are lacking proper buy spots here with OKTA(long) already 8.5x ATR above the 50sma.
- $PLTR(long) new all time high.
- $MSFT trending nicely and almost back at ATH as well.
- $TEAM $FROG $RNG $SNOW $SHOP $FSLY DDOG DOCU TENB TWLO GTLB long list of software names worth monitoring.
- $XLU trying to bounce from the depths of hell but $CEG $GEV $VST leading the pack for utilities.
- $XLF starting to report on Tuesday. Would be helpful for the market to not lose financials here. $JPM $C $WFC.
- Regional banks also start to report this week. If the $KRE can begin to participate I think we can start to see the $IWM spring back to life.
- $DRAM backburner idea. $STX $WDC questionable charts and $MU $SKHY $SNDK did not close well last week.
- $FOTO only has $LITE $CIEN which I would focus on. The others like $GLW $COHR $AXTI don't act well enough.
- $BTC $ETH still acting well enough to keep an eye on. They have wiggle room down to the 50day.
- $SMH a leading group last month looks to be taking a breather this month. $AMD $TSM $NVDA $SMTC $ASX $TER $ASML $MRVL the ones worth watching.
- The market is still a bit tricky but I'm finding success in the software group so that is where most of my focus remains.
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