17Apr3:48 pmEST
Murderers’ Row of Software Growth Action
While it may be a bit rich to conjure up the baseball teams of the New York Yankees in the late 1920s, a lineup known as "Murderers' Row," pictured above, the fact remains that many strong stocks which exuded wildly impressive strength during the winter months are enjoying the spoils of victory today.
At issue now is whether bulls can avoid the dreaded fumble in the form of consecutive heavy selling days to undermine recent progress. IBM ISRG LRCX UAL headline the earnings lineup tonight, which could affect the futures somewhat.
However, our focus is on trading what we see, meaning that if our long setups continue to trigger and generally hold firm, then we will keep at it regardless of headlines, historical analogs, etc..
Recall that a recent bear argument was that, with FB GOOGL TSLA acting sluggishly, the market would not have much in the way of new leadership. But, again, with some of the emerging software monsters like GRUB NTNX TWLO, among many others, surging out of high and tight bases, bears may want to reconsider that thesis.
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