Lack of major economic data and focusing on individual companies. Microsoft (NASDAQ:MSFT) and Cloudstrike are facing technical issues, resulting in pre-market declines, while Netflix (NASDAQ:NFLX)'s earnings report has also led to a drop in its stock price. The fear index (VIX) has risen significantly, impacting the tech sector the most. The Nasdaq 100 and S&P 500 are on sell signals, with the Dow experiencing a bearish reversal despite reaching new highs. The Equal Weighted S&P 500 and Russell 2000 show signs of weakness, particularly in communication services, semiconductors, and technology sectors.
This content was originally posted on the Stock Market Timing YouTube Channel
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