Is The Forced Selling in Tech Done? Safety Pays: $QQQ Short, $IWM Long
From Live Trading Room (07.23.24)
In this short clip from Live Trading Room (07.23.24), I discuss the dynamics of market rotations, particularly from growth to value stocks.
I highlight the significance of this shift with specific reference to earnings and sector movements, observing the trends and performance of non-tech sectors compared to major tech companies. I also review $IWM above $212.25 weekly support.
My note to CLUB/EDGE members:
I WARNED Mon/Tues for clients that I did not think the Tech selling was done. This morning, we see #TSLA down -8% and #GOOGL -4%, and #QQQ heading into her $468 price target given last week!
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