Need More Cyber Details Beyond A/S/L

The technical progress in the likes of SPLK and QLYS, and now FEYE surging today, highlights the improvement in the HACK, cybersecurity sector ETF.

Cybersecurity has been a buzzword for a while now. But, as usual, the market takes its sweet old time as to when it wants to acknowledge a given theme. 

In this case, HACK bulls have had their patience tested a good many times. But now the issue is whether this time around is a legitimate breakout across a variety of stocks among the ETF's holdings.

It is tough to read too much into the action today, beyond FEYE, on an otherwise sleepy session for the broad market.

However, a name like Palo Alto Networks, which was obliterated after earnings last February, has finally carved out a well-defined, more bullish chart, seen below on the daily timeframe. If PANW can now push over $145, it opens the door to a long swing trade setup. 

It is also worth noting that the HACK components, overall, tend to whip around violently intraday at times. This is typical for a sector undergoing a potential change in change trend, even if it is a promising one. 

More on the broad market in my usual Midday Video for Members.