Are Tired Tech Traders Rotating into the Others?
As tech gets long in the tooth and traders get tired of those same old extended names, are they taking advantage of other market segments?
As tech gets long in the tooth and traders get tired of those same old extended names, are they taking advantage of other market segments?
Is our team bullish, bearish, neutralish? Well, it’s complex. So, let’s dig in and see.
By my calculus, there is three times or more downside potential than upside presently.
Position: None
After-Hours % Advancers

After-Hours % Advancers

Position: None
Closing Volume
– NYSE volume 2% above its one-month average
– NASDAQ volume flat to its one-month average
– VIX index: down 1.62% to 15.79
Breadth

S&P 500 Sectors

% Movers

Nasdaq 100 Heat Map

Closing S&P 500 Heat Map

Position: None
Rolling updates on negotiations with Iran seem to have lost their meaning.
Verano Holdings ($VRNO) management is on the Trade to Black podcast from The Dales Report.
Position: Long VRNO (M)
Position: None