Mount Everest is the New Hotel California

The recent slew of tragic deaths on the way up Mount Everest seems like a good lesson in taking unnecessary risks. On the one hand, we must acknowledge that plenty of choices in life come down to being comfortable with the idea of taking risk and dealing with uncertain outcomes. On the other hand, brazenly taking overly-aggressive risks increases your risk of ruins dramatically, especially without a sound exit plan or an ability to back off the aggression. 

Currently, the equities are off to a decent start this morning, albeit with bulls needing to step back in to defend a fade as I write this. Still, quite a few impressive software and healthcare growth names are making a solid case for upside, including AYX and TNDM.

I also am looking to see whether Square continue to make its case for a durable bottom. As you probably know, SQ has been a notable laggard compared to both the likes of PYPL and most payments plays in general, as well as new growth stocks. However, as long as the $64/$65 area can keep holding below I suspect we could be near a traceable low provided that the broad market avoids a dreaded "June swoon."

We also have a deceptively busy week of earnings coming up, even with the holiday. The likes of OKTA PANW VEEV WDAY ZS all report for software. And if bulls are to truly scale the prior indices' peaks this summer we need to see those growth names continue to grow at a rapid pace with their revenues.