NTAP could be the play for getting some cloud exposureNetApp, Inc.BATS:NTAPGatorResearchCloud computing and SaaS has been leading for a month. My only exposure has been in my long-term portfolio, and the relative strength of this theme was very mixed before it went into leading, which is why I was hesitant to look into it as much as I should have. SNOW, DDOG, and TWLO have been standouts. At this point, my book is light with open positions in BABA, NU, and GCT, all linked below. So I am going to open up a trade in NTAP. Importantly, the broader market is in ugly chop, which makes swing trades all the more difficult. Per usual, this is a small risk trade. I will try many of these in a year and take paper cuts along the way to some big movers. This is a simpler setup that I call the high volume breakout compression: The formation I am seeing is a big, high volume breakout on Friday, May 29 associated with the earnings release the day before. Then price compresses, or consolidates, after the breakout and pulls back to the 21ema (white line in chart). You can see this same formation in DDOG and SNOW, while TWLO was similar but pulled back to the 50-day. That's it. I am long here and will manage this if there's a close below the 21ema that doesn't recover the following day or two. A three point stop would probably do the trick but I may wait to put one on. This will be a smaller position still due to general market conditions being unfavorable.