In this week’s video, Mike Cintolo discusses the market’s retreat this week; his indicators never quite were able to turn green, so the action keeps the correction in force. That said, not all is lost, as many of the under-the-surface positives that started to appear are still there, including resilience among many growth titles and a lack of any interest in defensive stocks. Overall, Mike’s about 45% in cash and staying close to shore as he patiently keeps his watch list up to date for the next sustained rally.
Stocks Discussed: SPLK, IOT, DUOL, PSTG, NOW, WDAY, NXT, ARRY, KLAC, LRCX, ZS, CIVI, NOG, CPNG, NVO
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