Monday after market ...

From the 70's

Helluva finish today.  Now what?  The Italians don't like where they've been and now they can't figure out where they are going.  Our political leaders continue to point fingers and solve nothing.

Roooooooooooll another one.  

Just like the other one.  

You've been holdin' on to it.  

And I sure would like a hit.

Monday afternoon

Europe wags the dog this morning.  Later this week it will likely be sequestration.  (I'm surprised the spell checker let that pass.  lol)

Monday morning

Gator's Chart of the Day: PANW

Palo Alto Networks is one of jojo's favorites and he's been trading around a position in it since before he started hangin' with the Algo Fighters.  If you have been following his moves you should be ahead.  I hope you told him, "Thanks!"

The last time I said something about this stock it had just completed the W pattern.  Now that level (55) has become support.  The stock is now trading almost exclusively above the 20 day average and the 50 day has turned up.  With all of the news last week about internet security and the moves that PANW, FIRE and FTNT made I think this stock should be a part of a longer term portfolio.  Buying at support and selling a quarter to a half of the position when it gets extended should be a profitable arrangement.