Threats Averted:    

Cybersecurity remains a vital part of our safety and the ETF below presents a wide array of public companies in the space. What surprised me was the strength the fund exhibited in the face of 3 of the top 5 holdings in PANW FTNT and CSCO acting in a soft manner after recent earnings reactions. PANW has made all the losses back however from its 5.4% decline on 11/16 and is now just 2% off most recent 52 week highs. FTNT has recorded back to back ill received reactions falling by 12 and 25% respectively on 11/3 and 8/4 and is now 36% off its annual peak. CSCO is a rapid 17% off its high made on just 9/1 and has not advanced in consecutive weeks since the last 2 weeks of August. Of course, top holding in AVGO has been acting well as it approaches the very round 1000 number and that creates a tailwind for CIBR, which has been acting well POST breakout from a double bottom base and we know the best breakouts tend to work right away. Last week it registered its best WEEKLY CLOSE since April 2022. 

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