The tech stocks are cratering as evidenced by the QQQ. This is a good time to be in cash or short the QQQ by buying the leveraged 3X inverse ETF SQQQ. Look at QQQ and AMZN and AAPL.
Dr. Wish
Blog post: $QQQ short term down trend may end Monday with up/flat day; 525 yearly highs in US stocks Friday, most since March 15; 17 OSBs (oversold bounces) listed including $WMS $ALGN and $ASGN
These 17 stocks passed my scan for stocks with recent ATHs that bounced up from oversold levels. Note that JCOM and APG report earnings this week. These stocks are provided to teach the method and are not recommendations. Study their charts and review their fundamentals. If a bounce fails, I sell immediately.
WMS, ALGN and ASGN are good examples. Note black dots indicating oversold bounces.
The GMI is 5 (of 6) and remains on a Green signal.
