Amazon.comUpdated Another Leg Down in Big Tech?
The problem with having a strong support zone, is that when that support zone is lost. Stops are run and the sell off is accentuated. Eventhough, there is certainly a bullish case to be made for risk assets. Why take the risk? It may best to look at other non-related sectors to hid out in. Look at the strength in XLP......
XLY/XLP (Discretionary/Staples)
GDX, NEM: Both are at 2008 levels and NEM yields 5% dividend
Municipal Bonds: Lock in these high rates on the Muni s!!!
Utilities: ETR, FE
XLY/XLP (Discretionary/Staples)
GDX, NEM: Both are at 2008 levels and NEM yields 5% dividend
Municipal Bonds: Lock in these high rates on the Muni s!!!
Utilities: ETR, FE
Note
I believe the tech stocks shown in the featured chart will be at the level in 6 months
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.