Given the news of the day, you'd think we would have had a violent pullback -- instead here's what we got.
These names are displaying both technical and quantitative deterioration.
These names are displaying both technical and quantitative deterioration.
These names are displaying both technical and quantitative deterioration.
These names are displaying both technical and quantitative deterioration.
What happens after this is likely a flurry of deals that will require more selling and that begins to cut into the tech stocks with much lower valuations like Facebook, Apple and Alphabet.
We're seeing the potential start of an epic deluge of new stock from companies that are private and eager to cash out, and guess who will be the losers?
While those with a bearish bent often look for a 'sell the news' reaction to the Fed, that usually doesn't happen, but let's keep watch.
We haven't broken any uptrend levels from the March lows and the S&P is left undecided between the 21-day and 50-day moving averages.
These names are displaying both technical and quantitative deterioration.