These Stocks Can Take a Punch

The same may very well be said for the market at-large, but when we look below the surface for fresh money long ideas into this morning's gap higher it is worth focusing on individual issues which can roaring back from the Brexit shock two weeks ago. 

Software and communications are at the very top of my list of setups here, plenty of which merit attention for actionable entries right here, right now. 

In particular, two stocks like GLOB and ZEN, below on their respective daily charts, illustrate their ability to take a punch. Note how both had been chugging along in the context of an overarching uptrend, with price essentially basing above all rising and properly-aligned daily chart moving averages--The quintessential silky smooth trend. 

The Brexit shock then saw both names suffer sucker punches in the form of sharp gaps lower. 

But both GLOB ZEN immediately recovered and are now threatening fresh breakouts higher. 

This type of price action emphasizes the need to remain open-minded and agile as an individual trader in this type market environment, in lieu of being dogmatic, with a choppy but resilient tape.