"It's Not Over Yet" - Tech-Dip-Buying Evaporates As FANG Stocks Give Up Early Gains

The reassuring opening gap in Nasdaq stocks (especially FANG) has been decimated as selling pressure struck right as the tech index recovered its flash-crash loss...

Just as we warned, the machines ran out of squeeze ammo at the flash-crash ledge...

 

And the tech sector has given up its gains...

 

As FANGs turn red...

Comments

Consuelo Tue, 06/13/2017 - 11:13 Permalink

  FB Oh FB, where art thou (pink slips) FB...? Former $150k/year FB/GOOG/AAPL/NTFLX/TWTR employees with EBT cards now firmly in hand. Priceless...

Liberty4Sum Tue, 06/13/2017 - 11:13 Permalink

It's all good though everyone, the DOW hit a record high again today so there can't be anything to worry about. At least that's what Janet said, that's what she said. When she made decisions regarding interest rates and the economy based on this metric. Stock prices are the best most reliably indicators.

highwaytoserfdom Tue, 06/13/2017 - 11:51 Permalink

all you have to due is look at Japan market which  never recovered. these AlenBenFelon  especially  the Larry Summers monoply  top six.. the SBC of these guys has hurt the pace of development where it takes hundreds of millions to implment the ERP systems regulated by Dodd    MAGA  says that guys take monopolies...out or just print more.        FED is not letting market clear.. The Citadel and AlanBenFellon have really made this borrowing on future sad..  Who is buying bonds?    Looking at   big drop (66% ?) Central banks are lost..   don't ask when  and Been wrong before... When ABE is forced to buy ETF's these guys are big.....nasdaq are  problems... there weighting is many times the Dot Bomb...     Apple 12.04% Microsoft 8.26% Amazon.com 7.12% Facebook 5.32% Alphabet Class C 5.03% Alphabet Class A 4.39% Comcast 2.93% Intel (NASDAQ:INTC) 2.53% Cisco Systems (NASDAQ:CSCO) 2.34% Amgen 1.76%

Russdiamon Tue, 06/13/2017 - 14:57 Permalink

News has been more negative lately it seems. Which lines up with what this guy has been saying. He’s been predicting a drop around this time for awhile, and it definitely sounds like things are adding up to that recently. His prediction are very accurate too, I have no idea how he manages it. You should definitely take a look.https://www.sentimenttiming.com/Alexstanzo/24