Tech Watch

Keeping an eye on the large cap tech names. If there is any trouble brewing, it should show up in the tech sector. Not seeing anything yet.

On my FANG composite v Nasdaq on the left, you can see that the FANG stocks are running a bit rich to the overall index. That usually means there will be some profit taking.

On the right the FANMAG’s are holding up with FB the only one lagging slightly.

QQQ weekly still a full bullish look. Tested the 20MA a few times but never broke. Price is now very wide of the green 50MA. A bit too wide for my liking.

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