The major stock market indexes have reversed all of yesterday’s holiday hangover rally. The Dow Jones Industrial Average is now trading lower by 122.00 points. The financial stocks are getting sold off sharply and this weak sector is certainly weighing on the major stock indexes. There is one small group of stocks that are trading higher this morning and they are the cloud computing stocks.
Leading cloud computing stocks such as Riverbed Technology Inc.(NASDAQ:RVBD), VMWare Inc.(NYSE:VMW), Citrix Systems Inc.(NASDAQ:CTXS), and F5 Networks Inc.(NASDAQ:FFIV) are all trading positive this morning. Should the major stock indexes somehow find a low and bounce, it would be prudent to watch the cloud computing stocks to lead and trade higher on the session.
Nicholas Santiago
InTheMoneyStocks.com
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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
