SentimentEdge report

Jason Goepfert

7-09-2020 at 9:30 am

As tech indexes rally, participation starts to wane

Most major technology stock indexes have been hitting new highs in recent days. A small warning is popping up in the percentage of members of these indexes that are holding above their 50-day averages, which has been declining over the past month. This kind of divergence has preceded some rocky markets for tech over the next 1-3 months.

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