WDC is retesting the March/April lows
Things can fizzle out very quickly in this kind of market.
Taking a selective approach towards tech longs makes a lot of sense right now.
The company, despite a nice looking first quarter, has not been in the greatest shape fundamentally.
Here's what traders could do.
The Swiss National Bank owns big chunks of this quartet of mega-cap companies and could unload a bunch of its holdings as it fights inflation.
The bounce was nice but downtrends are still intact.
The charts of the online learning service have been improving over the last few weeks.
Stabilization in the holdings of Cathie Wood's ARK Innovation ETF would be a positive in this trader's view.
Now is not the time to build longer-term positions.