Winter Winners' Paradise

This morning's action appears to be a celebration, more than anything else, of those issues which had held up best throughout the winter volatility. Not only has Netflix been acting as well as any "FANG" leadership stock in the QQQ, but the likes of MTCH NTNX TWLO and many others represent potential new leadership regarding the growth The Street loves to see. 

TWTR is also up sharply, despite the platform itself acting shaky this morning. Still, the stock remains attractive on all timeframes and has suffered no real damage despite filling its earnings gap (contrasting it to SNAP which has indeed suffered some damage after a promising earnings rally in February). 

GrubHub is another winter winner, a stock which exuded marvelous relative and absolute strength in the face of market volatility during the dark, cold, long days. 

On the updated GRUB daily chart, below, an upgrade is surely helping longs like myself. But there is no denying that the overall chart had been basing well and still may be poised for a fresh leg higher if the broad market does not suffer harsh rejection anytime soon. 

A main reason why we have strived to stick with the regular idea flow for Members is due to how many individual charts for growth stocks were actually flourishing or remaining intact despite the violent Dow swings in recent months. One would thing names like NTNX would have been pummeled, among others. 

Instead, bulls defended these names where they had to, and need to keep doing so as the indices negotiate their respective declining 50-day moving averages this week and we move into the heart of earnings season, to boot.