🚨 Tech Stocks in Free Fall

Is Your Portfolio Ready for the Aftershock?

Author

Don Kaufman
July 17, 2024


🚨 Tech Stocks in Free Fall 

By Don Kaufman

boy, do I have some juicy market action to break down for you today.

You hear that? That whooshing sound? That's the sound of big tech's market cap getting flushed down the toilet. We're talking hundreds of billions, folks. It ain't pretty.

Now, here's the kicker - this bloodbath is laser-focused on tech. And that's where things get dicey.

Let's crunch some numbers: NASDAQ's down 541 points. 

Sounds brutal, right? 

But hold your horses - it's not quite at that 3% danger zone yet. S&P 500? Down 71 points. That's only about a 1.25% dip. Nothing to write home about... yet.

But here's where it gets weird. The S&P 100 advance/decline line is actually positive at 65/36. Sounds peachy, doesn't it?

Well, don't break out the champagne just yet. If this tech selloff keeps up its temper tantrum, that advance/decline line could snap faster than a twig in a tornado. 

And then? 

Well, that's when the real fun begins - the selling could spread like wildfire through the broader market.

Want to know exactly how this domino effect works? Stick around, 'cause I'm about to dive deep into the nitty-gritty...

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TimeSession
9:20 AM - 10:30 AMRing the opening bell with Don
10:30 AM - 11:30 AMTrader's Masterclass with Professor Jeff Bierman
11:30 AM - 12:30 PMSwing Trading Excellence by Gianni Di Poce
12:30 PM - 1:15 PMBlake Young's Top-to-Bottom Market Analysis
1:15 PM - 2:00 PMBrandon Chapman's Options Spotlight
2:00 PM - 3:00 PMNQ Futures Hunting with Tony Rago
3:00 PM - 4:00 PMRange & Trend Strategies: Corey Rosenbloom's Playbook

🔥 TRADE OF THE DAY: 126% GAIN IN HOURS! 🔥

While most traders were still sipping their morning coffee, Don was already in action. He spotted a golden opportunity:

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  • 💪 But the Russell 2000 (IWM) was holding strong
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