A lot of red arrows today :(
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A lot of red arrows today :(
S&P500 is retracing from the top of the channel so not surprising. top was 2848 currently bottom 2750 up trending channel , fangs savaged not surprising either most of the nasdaq advance is due to the fang stcks so its good to see them de fanged for a while .. healthy.
nz50 consolidating but looking heavy, asx looking better for me at the moment been ever waiting it seems for it to make new all time highs.
Finally, there was a broad sell-off of technology stock. Big names are falling. After FB, Baidu, and Alibaba also having some sell-off.
https://www.cnbc.com/2018/07/27/the-...aboolainternal
The market finally may be ready for a big rotation
https://www.marketwatch.com/story/bu...ors-2018-08-02
Bull market in stocks could be in ‘last innings’ as bears set sights on strongest sectors