With names like FEYE SPLK notably weak and in danger of rolling over to fresh correction lows, keep an eye on NetSuite to see it it follows suit as a short setup, particularly if the broad market weakens. On the daily chart, below, note the multi-month grinding rally since the spring is in danger of coming apart.
On the long side, strength in FB NFLX PCLN is enticing. Also keep an eye on inter-market plays such as GDXJ JO for resurgent strength.
Drop me your top tickers overnight.
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Yelp
Long?
Long WDAY and N, think it will hold this level. Or another leg down is in the cards. CRM looks good if I were not in the others.
Considering shorting it