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Cloud Stocks Fly Despite Market's Downward Pressure

|Includes: CRM, CTXS, F5 Networks, Inc. (FFIV), RVBD, VMW
This morning, all of the leading cloud computing stocks are rallying higher. The move in the leading cloud computing stocks come despite the downward pressure in the major stock indexes. This tells us that the cloud computing stocks are showing strong relative strength today. Therefore, if the major stock indexes somehow rally higher today it will be the cloud computing stocks that will lead the markets.

Leading cloud computing stocks such as F5 Networks Inc (NASDAQ:FFIV), Riverbed Technologies Inc (NASDAQ:RVBD), VMWare Inc (NYSE:VMW), Citrix Systems Inc (NYSE:CTXS), and Salesforce.com Inc (NYSE:CRM) are all trading higher to start the day. All of these stocks are holding up well on the daily charts and could trade higher this afternoon as long as the major stock indexes hold up. This is one sector of technology that traders should view as positive in the near term.

Nicholas Santiago
InTheMoneyStocks.com