Thursday, October 7, 2010

Equinox (EQIX) the first sign of market leaders faltering?

The small revenue miss for Equinox (EQIX) caused quite a bit of collateral damage today in the Cloud computing space.  VMware (VMW), F5 Networks (FFIV), Akamai Technologies (AKAM), Salesforce.com (CRM), and Citrix Systems (CTXS) were all down 7+%.  This could be a sign that we are at a short term top in the markets.

Other high flying stocks that have faltered this week are Netflix (NFLX),Open Table (OPEN) Baidu (BIDU), Amazon (AMZN), and Priceline (PCLN).

Apple (AAPL) is still holding up nicely.  If AAPL falters, look out below.










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