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."
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Stay patient, and we will see how things develop when the news hits this afternoon.
Growth and speculative names were hit but big caps held up relatively well. Now everyone's waiting on Wednesday's meeting.
Some are saying that this is the most important Fed meeting in ages.
As inflation worries sap investors' energy, I'm eyeing this semiconductor technology name.