Last night, Oracle (ORCL) set the stage for some excellent gains in tech in an otherwise lackluster session, with the exception of the banks.
Tonight it's Adobe (ADBE) , which, with its marketing and monitoring and managing cloud products, has become the pure play on adoption of the cloud. So many think Adobe's Acrobat, but Adobe manages trillions of bits of data and really can be considered the way marketers try to reach people on the web and how artists express themselves across all platforms. (Adobe is part of TheStreet's Action Alerts PLUS portfolio.)
It's a reinvented company with great scale and it will ignite another move in the group.
Once again, I find myself fighting uphill to point out good stories that aren't supposed to be happening. But they are breaking out everywhere. That Oracle quarter was a monumental feat. The Canada Goose deal showed tremendous buying power. (When we get to too many deals, I will warn you, believe me.) And now Adobe?
As long as oil behaves and interest rates make up for lost ground, the S&P can digest the gains and technology can go still higher.