Wild week and its only Tuesday. Market continues to be tricky, but it appears Software names as discussed this past weekend are taking some of the spotlight. Highlighted by the $PLTR earnings report, and fresh highs in names like $DUOL $DASH $NFLX $RBLX.
$TWLO ideally, we stay above $140 and monitor for continuation
$SHOP nice flat base. over $120 looks great.
$FTNT any pullbacks vs $100 look interesting but earnings in 2 days. $GOOGL had a similar setup. and we saw how that played out today. I think it’s best to be patient for the report vs anticipating.
$CRWD similar sector as $FTNT looks like we may go higher.
$RBRK one more software name came across my screen as I was typing this up. Needs to get going over $75
Go back and review some of the names I posted this weekend that are software related. It appears like this is the place that is getting most institutional support.
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