As indicated in the report above, the uncertainty related to the China trade talks lifted on Friday, sparking an afternoon sell-the-rumor, buy-the-news reversal and rally. The ability of the glamours to hold up during the five-day pullback was telling.
My private blog post sent during the Friday afternoon rally was an indication that the coast was clear for fresh-money buys. However, we will need to see some follow-through in the Nasdaq on Monday to become more comfortable. This in light of a substantial sell-off in the futures market Sunday evening. ZS is buyable, as it rests 0.8% above its 72.94 pivot.