Let's Point Out the Losers, Too

Just as we seek out relative strength names into large down days in the broad market, we also want to see which stocks are noticeably red or seriously lagging the market on rallies like today.

Within the cybersecurity plays in the HACK ETF, CyberArk Software had been a favorite with many traders during the initial run-up. However, the stock has since fallen on hard time, and it was an aggressive short ideas I proposed to Market Chess Subscription Service members over the weekend in my Weekend Video Strategy Session.

As you can see on the updated daily chart, below, CYBR could easily be breaking down from a bear flag pattern in a corrective structure, and is clearly lagging the market all-around today. Earnings are not scheduled until August 11th.

Also note the weakness in several major rails today, a weak group for much of 2015.