Taking a selective approach towards tech longs makes a lot of sense right now.
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.
Stabilization in the holdings of Cathie Wood's ARK Innovation ETF would be a positive in this trader's view.
These recently downgraded names are displaying both quantitative and technical deterioration.
Divergences are useful to spot a potential change in direction.
A fundamental analyst is looking late to the party.
Here's what traders could do.
One is an index ETF and the other is a Cathie Wood favorite.
Reaching a downside price target is not a reason to become a buyer.
The current situation is fine. My only real beef is with the balance sheet.