Cyber Wars:
The theme of cyber security names being of utmost importance to national security and the like has been an obvious one. The chart’s action has not always backed up the bullish narrative. But currently, as a whole, they are showing strength via the HACK ETF. Scanning the top holding in the fund I was surprised to see CSCO as one of the largest components. It now sits 9% off highs made after a rejection at the 60 number on 8/25. PANW shows the power of the breakaway gap after an earnings-related gain of 18.6% on 8/24 saw the stock never look back. It now is getting comfortable above the very round 500 figure. DDOG is now just 2% from most recent all-time highs (have owned this in my IRA for some time). CYBR is extended from its break above a 170.26 double bottom breakout taken out on 10/13. Some names that feel heavy in the space are AKAM. Look to see how it responds if it comes into contact with its 200 day SMA near the round 100 number.