Palo Alto Networks

  • PANW

  • $375.50

  • -5.58%

  • $392.63

  • $394.01

  • $375.57

Granny Shots

Ticker Appearances

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 1.25% , 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 0.20%  led rally. Rather, it's being led by PLTR 4.34% , ORCL 0.57% , NOW 0.98% , and strong movement out of the likes of CRM 1.48% , PANW -5.58%  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 0.27%  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 3.36%  COO 0.50%  CRWD 3.22%  WST -0.17%  HPQ 1.42%  GEV PANW -5.58%  QRVO 1.62%  and INTC 0.22%  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 1.26% _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 3.22% , along with AVGO -0.50% , FSLR 2.18% , NOW 0.98% , and PANW -5.58% , all which are higher by more than 2%. Software stocks are leading Semis today, and NXPI 0.05% , ON 0.88% , and TXN -0.24%  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 1.66% ) 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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Daily Technical Strategy
Wed, April 17, 2024 | 1:08AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Granny Shot Technicals

SUPER GRANNIES: NVDA - BULLISH NVDA -3.13% ’s consolidation in recent weeks hasn’t resulted in any material technical damage and the stock lies just off all-time highs near...

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