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.