Security Matters

In an apparent "fox guarding the henhouse" situation, it looks like LifeLock has some explaining to do, with LOCK plunging nearly 40% today on these FTC alleged violations. 

With this in mind, and on the back of the Ashley Madison news yesterday, you would think the cybersecurity plays in the HACK ETF would be rallying sharply today. 

While CYBR is up nicely today, its overall chart structure is still corrective with much work to do in order to truly improve for a swing. 

Beyond that, and perhaps of more significance, is the recent breakout of FireEye. On the daily chart, below, note the stock fighting to hang onto it. Earnings are scheduled for July 30th. 

Thus, in addition to the likes of AAPL GPRO earnings tonight, I believe the cybersecurity plays could be a good gauge of risk appetite,. And failing to rally when they probably should would not be a good sign.