A Better Takeoff
Stocks are doing a better job of holding early strength today, as all major averages are making some technical progress even as we head into news-filled weekend in Europe.
Materials plays like CLF and X are trying to wake up, though they have plenty more room to improve and earnings with which to contend in the coming weeks.
But indisputable market leaders like FB remain strong, and until bears bring them down it is likely be tough to really get any weakness going to the point where bulls will be too gun-shy to step in and do their usual thing.
With this in mind, a healthcare IT growth winner like VEEV, updated below on the daily, is back in focus on the long side. Note how well the price action has been even in a sloppy market at times in recent weeks.
More in my usual Midday Video for Members.