VMW (Long)...

I know, I know, another tech pick. I can't help myself. This time, it's VMW. I like the big breakout above the multi-month base following last week's earnings. I nearly pulled the trigger on this one earlier today, but decided not to quite yet. I believe this one is buyable around current levels with a tight stop. The lower volume over the past couple days is ok because that just means there's some profit-taking going on, which is healthy. If it fails to hold this gap-up, it's going to fall back into the big base, which would tell us it's not quite ready to power higher. Keep an eye on this one. I think it has some big promise.



Position: none