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CLOU - The SKYY Is Falling: Microsoft's Azure Is Turning Grey (Video)
Global X Cloud Computing ETF
In our May article on cloud computing stocks we warned of a coming change in barometric pressure. At that time the new Global X Funds Global X Cloud Computing ETF (CLOU) was barely 2 weeks old, so was not even worth looking at from a chart pattern perspective. So we focused instead on the more established First Trust Cloud Computing ETF (SKYY) and some of the high profile names in the sector, specifically a few that mirrored the Elliott Wave structure we were tracking in SKYY off the 2016 lows. With