1. Bearish Trend
Instead of the broader market, I thought I’d look at the Nasdaq 100 to see what was going on there. If anything the picture is even less bright, as Friday’s move down marked another leg in a bearish trend. Not a pretty picture.
Verizon (VZ) isn’t a Nasdaq stock, but it’s still part of technology. Ironically, it’s one part of that sector that’s doing nicely.
Are the glory days of Tesla (TSLA) gone? This chart indicates that may be the case.
Back next week to celebrate Valentine’s Day and all things chocolate.
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