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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: humble1 who wrote (39780)1/2/2024 9:54:06 AM
From: Rarebird1 Recommendation

Recommended By
towerdog

  Read Replies (1) | Respond to of 41091
 
Clearly, this is profit taking. Megacap tech and growth are getting slammed while value and defensive sectors are flat to rallying.

IWD up fractionally while IWF is getting slammed.

Whether this is the beginning of a rotation into value and defensives or just plain old fashioned profit taking in the big winners of 2023 remains to be seen.

But the broad market is holding up very well outside of Megacap tech and growth.

RSP hardly down.



To: humble1 who wrote (39780)1/4/2024 2:29:59 AM
From: crashwatch2 Recommendations

Recommended By
rdkflorida2
The Ox

  Respond to of 41091
 
humble1: My default has to be that although the December 28 date gave us a nice little correction I will be ready for that high to be exceeded. Yes, I agree with the previous post by northam - low may be in.