Feb. 3 at 8:35 PM
The speculative, long duration, high PE names are in trouble:
$QTUM.X the quantum ETF has a breach of the trend line support. This is an indication of sentiment and waning appetite, which we are seeing in the breach of trend line support on
$XLK and
$QQQ. The contagion, which we observed in
$XSW software sector, is spreading and could even be touching the semi conductors, with these ugly weekly candles on
$SOXQ