It was February 18th,2021, I talked about big trouble in tech-heavy Nasdaq, most big tech companies experience a horrible month and they lost more than 30% of their value, yet struggling to take back the lost glory but no one can see any sign of momentum.
Money changed its way from growth stocks toward underperformed sectors and industries like Banking, Airlines, Steel companies, and cash cows. Although in the past 3 weeks these underperformed stocks have gained momentum and experienced a 20-60% gain, today's first sign of exhaustion showed up while many celebrated a new all-time high in the S&P 500 and Dow Jones just touched its resistance.
It is interesting that No one asks why Amazon, Facebook, Oracle, Apple, Microsoft, and...etc. with solid performances goes down instead of reaching new highs???
Don't forget, all markets start their pass to correction and crash just the day after their all times highs..! and it is one of the boldest features of the Bear market, that no good news could prevent stocks from losing their value!!!
Please review my analysis(related links) in the past 4 weeks, it may save you lots of money!!!
Moshkelgosha
Money changed its way from growth stocks toward underperformed sectors and industries like Banking, Airlines, Steel companies, and cash cows. Although in the past 3 weeks these underperformed stocks have gained momentum and experienced a 20-60% gain, today's first sign of exhaustion showed up while many celebrated a new all-time high in the S&P 500 and Dow Jones just touched its resistance.
It is interesting that No one asks why Amazon, Facebook, Oracle, Apple, Microsoft, and...etc. with solid performances goes down instead of reaching new highs???
Don't forget, all markets start their pass to correction and crash just the day after their all times highs..! and it is one of the boldest features of the Bear market, that no good news could prevent stocks from losing their value!!!
Please review my analysis(related links) in the past 4 weeks, it may save you lots of money!!!
Moshkelgosha
