Look for Winners and Losers

As the market remains rangebound there is a premium being placed on identifying strong and weak stocks, even within the same sector. In the hot cybersecurity space, for example, a notable laggard of late has been the likes of SYMC, while we chose to play the strongest of the strong, such as AVG, this week on the long side. 

With this in mind, also in the software space we have NetSuite, which has been a glaring laggard for a while now. Another move below $91.20 could easily usher in another base breakdown, highlighted on the second daily chart, below. 

And TWTR is popping this morning, though holding over $37.20 is gong to be key now if the rally will have legs, seen on the 15-minute chart, first below.