Hack on the Bears' Back

The rotation threat continues to act as a thorn in the side of any near-term bear case, flying in the face of the notion that the extended market indices and plethora of individual stocks simply must lead to a sharp dip. Leaders like PCLN and TSLA, for example, seem to have staved off recent attacks by sellers to break them down for deeper pullbacks. And while those two are not at new highs, they may very well now coast into earnings in the coming weeks with bears backing off this week. 

Should sector and stock rotation persist, it is hard not to see the cybersecurity names housed in the HACK sector ETF benefit. A long-term laggard, HACK's weekly chart, below, is threatening to emerge form a multi-month triangle consolidation which basically took all of the summer to form. 

Some popular names like FEYE are certainly worth watching. But there are a few others flying well under the radar which we will profile for Members in my usual Midday Video.