When we looked at the charts and indicators of Zscaler (ZS) on April 5 we wrote that, "There are positive clues and bearish clues in the charts. I know that you do not make money by sitting on the sidelines but I also know that a buy recommendation feels better when we see a better alignment of the charts and indicators. I would wait a bit longer on ZS before probing the long side."
More from Stocks
The S&P 500 and DJIA are convenient benchmarks, but they can hurt your returns if you give them too much weight.
Here's what I found most positive about the market as the week closed out.
I like to identify a chart or two with a nice setup into the next week, and OB falls into that category.