$HUBS

HubSpot is building a base in an improving software area: it made its lows at the end of June and has made higher lows since, and versus the S&P its relative strength is curving up and breaking out above highs going back to last November, far outperforming tech.

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“Bubble Popping Now: ‘Unhinged’ Market Warning | David Nicoski”
David Lin Published Oct 23 · 4 passages

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Uh we've been highlighting, you know, names like HubSpot, Monday.com, you know, Adobe. There's just too many software names that look much more compelling from a technical perspective than what the SMH or the SOCK index looks like.

Well, it's you know, it's in it's in the software or at least, you know, an area um that that is improving. You know, if you if you put this relative to a tech stock or even the S&P, which I posted on there, you know, you're building a base. you made the lows, you know, at the end of June.

Um, and you have ascending, you know, reactions and that that what that means is you have higher lows that are taking and progressing throughout the chart. So, you know, the tape action at least, you know, I look at a stock chart as a voting mechanism and the longer the trend being broken, the more important it is.

So when I look at something like that, you know, if you're a te if you're in tech and tech is going to, you know, if I ran that versus XLK, you're far outperforming.

So, that that's giving the relative strength versus the S&P for HubSpot. Yeah. Okay. Yeah. So, as you look at that, you see it's curving up. You're actually breaking out versus the S&P.

You're taking out the highs going back to last November.

You know, as I said, HubSpot, Monday.com, you know, GoDaddy, um most people probably haven't looked at those those areas, but you know, they're they're starting to show relative strength performance.

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