Bull of the Day: nCino (NCNO)

The market is threatening the forming of a short-term top here. We’ve seen some big spikes in several stocks, but that’s not what’s making things feel so “toppy.” Rather, it’s the major intraday reversals which were evident in so many stocks and indexes. A ton of names took out all-time highs then spent the rest of the day breaking down below weekly lows. Not the sort of thing you want to see when you are on the bullish side of the equation.This has increased the risk of more downside action in the stock ma ...