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 (NYSE: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 (NASDAQ:TSLA) gone? This chart indicates that may be the case.
Back next week to celebrate Valentine’s Day and all things chocolate.