The Problem is Not the Problem

“The problem is not the problem. The problem is your attitude about the problem”
-Captain Jack Sparrow

After a initial move down, healthcare IT firm Veeva Systems is clawing back with a purpose today. Without question, the broad market action is helping VEEV bulls. 

But, pending today's close, buyers have done a noteworthy job of stepping into a name which had previously blown the cover off the ball in its prior earnings report as a growth firm. 

As you can see, the overall chart is still bullish. We are looking to see if $43 continues to be a decisive battleground area where buyers will keep staking their claim. So the problem for VEEV is not the initial reaction anymore to earnings, as buyers had a pretty good attitude about that problem. 

Elsewhere, we have plenty of fresh ideas, not yet extended, to update for Members in my usual Midday Video, coming up.