Tech Watch

This week is always a quiet week for me ahead of Thanksgiving weekend. I don’t take any new stock positions on. I just manage the trades I already have open. When markets come back from the long weekend you can get a nice rally into Christmas. This late in the market cycle however, it could be a bit soft.  I am still expecting a shakeout in the large cap tech names.

FANG v NDX (left) is still over bought. FANMAG’s (right) flat to slight downside.

XLK daily. Tech sector daily is in consolidation

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