In today's Traders Exclusive, George Tkaczuk discusses the state of equity markets following the mid-term elections. Since the October 15 bottom, the indexes have gone straight up, and over the last few days prices have consolidated sideways, which is to be expected. As of yet, we haven't seen any real institution selling. We have recommended focusing on the names that have demonstrated relative strength, with a particular emphasis on biotech and medical. A potential new buy on our radar is F5 Networks (FFIV), a company that operates in cloud, mobile, and security services. The stock has been consolidating for four years, and appears as though a potential long-term breakout may be materializing. We are looking at a potential entry around 128, with a stop near 120, because if it heads back there the trade likely won't work out. We like the company fundamentally as it has been growing its earnings and revenue consistently over the last five quarters, and institutional participation in the name has increased concurrently
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