Getting There

Sentiment is often seen as one of the pivotal aspects during market inflection points. Much of the bear case often hinges on the thesis that a given market is simply too irrational, euphoric, and, in effect, much too greedy in order to have staying power.Applied to the current market, days like today, where we gap higher and mostly hold onto gains, serve to potentially get us to a euphoric place. But it is always tough to gauge precisely when we arrive, if we do at all. 

Simply put, the resilience of the market continues along with a fair amount of quality long setups to monitor as we head into a busy Tuesday morning of retail numbers from DKS HD and SPLS.

FEYE is now at the heart of both a long-term technical turnaround thesis along with the resurgence of a cybersecurity sector waking up from quarters, if not years, of disappointing action.

Thus, you can be sure there are plenty of moving parts of this market of which to keep track.

More in my recap after the bell.