The stock market is likely to rise in the first two days of the week. A short-term correction is likely to begin on Wednesday. The market may end the week unchanged or slightly higher.
Qualys QLYS reports earnings after the close today. The daily price cycle is falling as are both the weekly and the monthly cycles. The stock is overbought, and relative strength has been falling for almost two months. When the cycles are such a condition, the result is usually a share price decline on the announcement. The stock is likely to come closer to $120 on the downside.
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