Stock Market Technical Indicators & Analysis
With the growth tech stocks getting slammed, I sold out and went to cash. Maybe this is just a short aberration. Or maybe they shoot the leaders before the troops. I will observe safely from the sidelines in my trading accounts until the dust settles. After all, I am a chicken. Anyway you look at this, this daily chart of QQQ shows a huge distribution day.
BABA is still unable to break through resistance. (But watch those green dots.)
SQ fell 16% on Monday when it received a downgrade on valuation. This hourly chart shows extraordinary high volume selling 2 hours last week on November 22nd. Do you think that these sellers knew something was going to happen this week or were just lucky traders?
