Etsy, Inc. (ETSY) is the online platform for unique gifts and more. In our last review of ETSY on August 9 we were still long with a $170 stop, so traders should be in a good place now. Let's check the charts again.
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Some beaten-up small caps, biotechnology, cannabis, and growth stocks shined, but other areas were still caught in the drizzle.
This is what makes bearish markets or choppy markets so difficult.
The market will start to sort out the 'good' stocks that have been unfairly punished from the 'bad' stocks that don't deserve better valuations.