Russell 2000 (IWM) faking out traders who played the breakout at all-time highs.
Only 36% of stocks trading above their 40-day moving average while SPY hits new all time highs today, is wild!
In 10 minutes Oracle (ORCL) drops $20/share, or about $50 billion in market cap.
Market weakness is accelerating here, with only 43% of stocks trading above their 40-day moving average on the T2108 indicator.
Roku (ROKU) pulling back to its breakout level today - watch to see if it can bounce off of it here.
ServiceNow (NOW) attempting to bounce off of the rising trend-line, but could easily stall out at declining resistance nearby.
With news from Advanced Micro Devices (AMD) up over 25% today, Nvidia (NVDA) is pulling back to is breakout support level.
The Fed is still very much uninterested in fighting inflation...If they were, their balance sheet wouldn't still be so astronomically high.
China Internet ETF (KWEB) may be starting to break out of a multi-year basing pattern.
Technology Sector (XLK) still dragging this market higher, led by the one, and only, Nvidia (NVDA)
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