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Stocks have been chopping around for a couple of weeks. Digesting gains after 50 day MA bounce. Interest rates are flying higher, people are already concerned about the fed unwinding. More risk than reward but not bearish until we break and close below 3694
Stocks bounced off the 50 day nicely and made new highs. No breakdown, not a lot of reason to be bearish right now but still lots of risk out there and high valuations. Many of the Mega Caps had blowout earnings but sold off. They lifted the markets and they may weigh them down. Feb is a historically bearish month, the virus is also spreading fast halting activity. The more we borrow, in the back of your mind you know needs to paid back out of the economy. Over the next 10 years commodities should do well.
Stocks are hitting the 50 day MA. The jig is up, market manipulation and excessive leverage have been exploited, amplified and exposed through recent events. Risks of regulation on leverage has increased greatly. The party had to end sometime. We just needed a "surprise" catalyst and this might be it... or it could keep making new highs!
2/20/21 We did chop and continue to chop. I think we see a pullback next week.
2/7/21 We may chop a bit up here
1/29/21 Expanding Megaphone on the weekly chart. This could mean we may see massive selloff back to 2016 levels of around 2000 if things really fall apart.
Two month old IPO, still very early but currently over valued. Buying underneath the IPO price should be good long term.
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The market opportunity
Cloud computing has become mainstream, as many enterprises have moved away from traditional on-site data centers to cut infrastructure costs and improve scalability. However, the rapid adoption of the cloud has left gaps in defense. According to the IDC, companies should spend roughly 5% to 10% of their IT budgets on security. But currently, only 1% of cloud IT spend goes to cloud security. CrowdStrike sees this as an opportunity. In fact, management believes cloud-security spend will jump from $1.2 billion in 2020 to $12.4 billion in 2023 -- a tenfold increase. That%27s a big leap, and as an industry leader, CrowdStrike is well positioned to capture market share.
CrowdStrike offers software modules purposely built for cloud security. Falcon Cloud Workload Protection secures remote applications and services across all cloud environments, including public clouds like Amazon Web Services, Microsoft Azure, and Google Cloud Platform. This solution is designed to protect workloads like web servers and databases from external attacks. But there%27s still a problem: It does nothing to prevent internal errors, like misconfigurations, which cause 95% of all cloud-security breaches, according to Gartner, a leading research and advisory company.
One of the use personal use investments that historically have proven to be home runs. Lets just watch this one.
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