There simply should not be that many stocks making new lows or on the verge of making new lows - regardless of the time of the year - when the indexes are at new highs.
These recently downgraded Nasdaq names are displaying both quantitative and technical deterioration.
Stocks are never going to do precisely what we hope they will do.
It's an oft repeated phrase, but perhaps repeated so often because it holds some wisdom: 'Be greedy when others are fearful.'
But a move in the other direction is hard to time -- especially when mainstream business media have their eyes closed to the all the stocks acting poorly and only focus on the indexes.
ESTC is an interesting consideration if you're looking at downside momentum continuing next week.
Apple looks like it can sustain its uptrend.
With Tesla's out-of-this-world valuation, recent IPO pops, advances by Apple, and potential 'old auto' dark horses, are we watching a bubble ... or something else?
For investors looking for more from their gold positions, such as dividend income, owning shares of companies can be a way to counter inflation.
Let's see how things develop.