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Friday was a bloodbath for momentum.
Almost very software and security stock I follow was down 5 percent.
We will know more this week as to how important Friday’s action was. Banks stocks and small cap indexes were weak relative to the good price action in technology the last month, so without technology leadership the markets could see a lot more downside.
Ivanhoff and I toured the markets as usual to discuss. You can watch or listen here.
If you like following momentum and want to swing trade, try Marketwisdom.
Have a great week.