If any industry is bound for eternally growing demand it's cybersecurity, and right now ZS is best in class.
There are signs that the uptrend is wavering in shares of the provider of cybersecurity platforms.
The last few post-earnings beat downs were greeted with optimism once traders got over the initial disappointment.
The consumer continues to de-leverage at an extraordinary pace -- and the ramifications of this are extraordinary.
The rally has slowed and that is a red flag to me.
The longer-term outlook for OKTA remains fine now but the short-term picture remains problematic and vulnerable.
Here's how we'd we play the stock.
Let's see what the charts say about this stock that's advanced on a quarterly beat.
I'm trying to put more money to work but also staying selective.
At some point, there will be a fiscal support package passed -- but only when both sides think they can take the credit.