Tag: HOOD

Breadth mixed (but sector divergences are wild), trading inconsistent and swinging wildly intraday:

* Despite the evisceration of tech yesterday, there are few tech stocks higher on the day — Google ($GOOGL) (DJIA inclusion), Amazon ($AMZN), Apple ($AAPL)

League leading hitter, Nvidia ($NVDA), has cracked to the downside some fractal support

* Hard reversal lower in financial stocks

* Carnage in the oil patch ($OIH -$13) with oil -$2.65

* Consumer staples are the world’s fair ($KO, $PEP, $PG and $KMB)

* Private equity shares are breaking down (after more redemptions and gates)

* Bitcoin breaks $60k to the downside (remember this was one of the possible catalysts I mentioned to a disrupted market filled with leveraged players)  

* Speculative faves $PLTR (don’t investors ever learn?) and $HOOD are breaking down

Position: Long KO (S), PEP (S), PG (S), KMB (S)