Check Point Software Technologies Ltd. creates and markets internet security products for enterprises and high-end networks, internet service providers, small and medium-sized businesses, and consumers. The company's perimeter security products include virtual private network and firewall products, security management products, and ZoneAlarm security suites for consumers and small businesses. Check Point's revenue base consists of subscription and perpetual software licenses, product sales, subscription-based fees for updates, and maintenance and consulting fees. Incorporated in 1993, Check Point has a global workforce and maintains headquarters in Tel Aviv, Israel. About 57% of the company's revenue is derived from outside the Americas.

Returns can get a bit dicey for the stock market from February into mid-March, especially in a presidential election year. Yet February 12 saw a massive reversal in relative strength, one that could be described as 'Revenge of the Small Caps.' That also can be said about the three trading days before 2/12. The Russell 2000 (IWM) rose 1.8% on February 12 and had popped 5% in three days. The iShares Micro-Cap ETF (EWC) gained 2.8% and surged over 6% in three days. The IWM is quickly approaching a key technical level at 205, which was the recent high in late December as well as the key breakdown level from January 2022.

Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. Around 50% of revenue is generated in Europe, the Middle East, and Africa, 40% from the Americas, and 10% from the Asia-Pacific region. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.

The iShares 20+ Year Treasury Bond (TLT) hit a recovery high of $100.53 on December 27, entering an area of thick chart resistance at $100+. So far, we have seen a minor pullback to $97, which is a key technical point as it was former chart support and also is where the 21-day exponential (EMA) sits. Daily momentum cycled into overbought territory in December and has traced out two bearish divergences, while the momentum uptrend has broken. Trendline support off the secondary low on November 13 also has been taken out. To get things going on the downside, $95.50, or the location of more chart support and the 200-day, has to be broken. That would open the door for a possible decline to the $89-$93 area, which is a 61.8%-38.2% retracement of the recent rally. The U.S. Commodity Futures Trading Commission's COT data has improved and is bullish, while sentiment for the two-, five-, and 10-year Treasurys remains bearish.