Who says you can't time the markets? Let's look at some methods technical analysts and others use to identify market bottoms.
Things do not look encouraging for SMH in October.
The series of lower highs since last November and the series of higher lows since May imply the coming of an explosive move in TSLA.
2 key charts closed below prior support Friday.
Trading volume Friday tells us investors are jumping ship.
In the here and now, it does appear to me, at least the broader US equity markets are potentially set up for a technical rally this week.
These recently downgraded names are displaying both quantitative and technical deterioration.
LULU looks pointed down for a retest of its early July and late May lows.
The shares, which rallied for two months, have now turned lower again
Previous tests were buying opportunities in October and May and June.