Technology Drops Further

July 23, 2020, 1:32 pm EDT

Technology Drops Further

Technology keeps falling down further as pointed out last week’s article regarding sector rotation. Both AAPL and AMZN are down -4% that may be hints for potential top after massive 4 months rally. Nasdaq outpaced DJIA with -2.2% vs -1.2% intra-day performance. 

Recently, series of positive news on vaccines and stimulus plans were all out, pullack is overdue and bears may take back some controls started today.

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