USTECH (30m) - potentially bearish
No promises on this one - I can't. This is one to watch.
Tech stocks have been in a bit of a problem, not benefiting from hopes of a vaccine for COVID-19.
After all, tech was feeding off the pandemic in various ways. Tech and the virus are basically friends. So if the vaccine would limit or kill the pandemic, that's not good for tech stocks in general.
We're could see what's known as 'sector rotation' (read up).
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Tech stocks have been in a bit of a problem, not benefiting from hopes of a vaccine for COVID-19.
After all, tech was feeding off the pandemic in various ways. Tech and the virus are basically friends. So if the vaccine would limit or kill the pandemic, that's not good for tech stocks in general.
We're could see what's known as 'sector rotation' (read up).
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Comment:
It's more of a slow-burn curve up, which seems to mean it isn't heavily bullish as I first expected.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
