There’s always a bull market somewhere! ;-)

Right Tail Rotation Still Working

Strength continues to show in $IGV and $MSFT, $GWRE, $ADSK, $NOW, $SPOT, and $NFLX, as traders play short-term bounce setups.

While these software trades remain active for now, I note the broader market could still face pressure into the March–May timeframe as the bigger macro setup continues to develop.