Scalper1 News
Major averages were flat to slightly up on unimpressive volume almost matching the prior day’s volume. The NASDAQ Composite and S&P 500 are flirting with old highs once again, yet proper actionable buy points remain scant. Furniture retailer SCSS had a pocket pivot on a strong earnings report. Earnings and sales are accelerating, group rank 40. This is a thinner name. Cloud security company QLYS gapped up on earnings news on Tuesday, and yesterday, pulled back on lighter volume. While it too is a thinner name, earnings are strongly accelerating, institutional sponsorship has grown last 4 quarters, group rank 9. Keep in mind the market has not shown itself to be on any firm trend as of yet though is flirting with psychologically important levels. Scalper1 News
Scalper1 News