over the past week you saw me post about how too much of the $SPX $SPY score is from 1 group or 5 mega caps. Today's outcome is because of that. There isnt enough rotation dollars to offset the void those techs create on red days. $XLK $SMH
@themarketear not all support is actual support. FLIP this chart upside down, cover the name and they'd be screaming 'it's flagging' ya, it's flagging to the downside. must hold else a new leg lower. $GLD $GC_F
$NVDA ceo joke/comment about $MRVL $1 trillion was ill advised. he caused a lot of grief for longs and shorts. anyone who sold a covered calls will lose their shares. all for a joke. $1T what sir? mkt cap or sales? either way you benefit financially! hmmm