Palo Alto Networks

  • PANW

  • $383.20

  • -3.65%

  • $392.63

  • $394.01

  • $375.20

Granny Shots

Ticker Appearances

Daily Technical Strategy
Fri, November 22, 2024 | 7:21PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Upticks - November 2024

UPTICKS - NEWTON'S LAW Source: Fundstrat, Bloomberg UPTICKS ADDITIONSCintas (CTAS 0.12% - $221.76)Deckers Outdoors (DECK 5.63% - $192.15)Salesforce. com (CRM 1.86% - $342.02)Palo Alto Networks (PANW -3.65% - $383.36)Progressive Corp. (PGR 1.03% - $266.06)Consolidated Energy...

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Daily Technical Strategy
Tue, October 8, 2024 | 6:35PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Software breakout should help drive further relative strength within Tech

SHORT-TERM US EQUITY TRENDS LOOK TO HAVE TURNED BACK HIGHER LAST FRIDAY FOLLOWING A CHOPPY PERIOD OF CONSOLIDATION IN RECENT WEEKS.   DESPITE A PLETHORA OF...

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Tue, October 8, 2024 | 12:07PM ET

⚡ FlashInsights

Tue, October 8, 2024 | 12:07PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Time to refresh comments on IGV 1.65% , the Ishares expanded Tech-Software ETF, as this is now exceeding 90, and officially breaking out above two prior peaks from this year along with Nov 2021 in a very bullish Cup and Handle pattern back to new all-time high territory. While Semis still are outperforming Software on an intermediate-term basis, Software has shown better relative strength since this Summer. Note, this Software outperformance is not the normal MSFT 1.00%  led rally. Rather, it's being led by PLTR 4.45% , ORCL -0.04% , NOW 1.29% , and strong movement out of the likes of CRM 1.86% , PANW -3.65%  which i suspect should rally back to all-time highs. (More on this topic in tonight's report)
Tickers
Thu, August 29, 2024 | 11:58AM ET

⚡ FlashInsights

Thu, August 29, 2024 | 11:58AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
^SPX 0.43%  looks to be kicking off its push back to new highs with about 10 more trading hours left in the month of August. As you can see, the short-term hourly trend connecting former minor peaks since this past Monday has been exceeded. this should drive price up to 5682, then 5700. Breadth is a bit better than 2/1 bullish and volume also 2/1 positive. 9 of 11 sectors are positive and the only down sectors are defensive- REITS and Staples. While Energy, Industrials, Discretionary, Healthcare and Tech are all up more than +0.75%. Despite NVDA being down fractionally (At 6% of SPX), SPX is still managing to push higher by +0.68%, led by BBY 3.50%  COO 0.89%  CRWD 4.11%  WST -1.34%  HPQ 1.03%  GEV PANW -3.65%  QRVO 2.03%  and INTC 0.41%  all higher by more than 4% today
Tickers
Tue, July 23, 2024 | 11:58AM ET

⚡ FlashInsights

Tue, July 23, 2024 | 11:58AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
2 hours into trading, we see S&P has just surpassed yesterday's intra-day peak (ES 1.00% _F- 5616) by S&P Futures which has helped this rally to accelerate. Breadth is just mildly positive, and Financials and REITS are the only two sectors higher today on an Equal-weighed basis, Technology is largely flat, but XLK is up +0.28%, powered higher by a near-4% bounce out of CRWD 4.11% , along with AVGO 0.18% , FSLR 2.25% , NOW 1.29% , and PANW -3.65% , all which are higher by more than 2%. Software stocks are leading Semis today, and NXPI 0.81% , ON 1.68% , and TXN -0.10%  are all lower by more than 3%, and SOX is lower by -0.85% at a time when XLK is outperforming. Transports are lower by 1%, but Small caps are showing stellar strength, up by 1% (IWM 1.98% ) as the S N/A% ummerOfSmallCaps has arrived. Both US Dollar and Treasury yields are pulling back from earlier bounce attempts, TNX still down -0.02bps - Target initially for S&P Futures lies near 5721
Tickers

Daily Technical Strategy
Mon, July 1, 2024 | 7:14PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Cybersecurity set to thrive in the weeks, months ahead

S&P AND QQQ HAVE LARGELY BEEN TREADING WATER IN RECENT WEEKS AS THE SPX REMAINS JUST A FEW TICKS ABOVE WHERE IT WAS BACK IN...

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