Traders are leaving the casino stocks on the news and their charts indicate their prices could slide even more before support develops.
It may not be too late to take part in the positive market action on semiconductor stocks, but be cautious. Here is how things stand.
The China coronavirus, extended technical conditions and a 'sell the news' reaction to earnings are giving the bears ammunition.
Stocks such as Dollar General and Nike are just too pricey right now, so look into bargain-priced small caps, instead.
Investors have shunned certain groups and latched onto others, and the bifurcation has created too many haves vs. have nots in the last few weeks.
For the second day in a row there was intraday weakness.
While some fear a crash like the one after 1999's party, I couldn't leave this market if I tried.
Think about where Amazon went from $76. That's where one of these favorites could go.
Price action, volume and volatility tell the whole story, and here's what to expect soon.
Let's review the charts and indicators to give you a clear strategy for the weeks ahead.