Stock Market Weakness. Technology & Materials lead the down
Index seems to hold enough from wave of selling this Friday. But the chart seems to form a pattern that has the great potential to bearsih although still possible for a rebound.
S & P 500 has to pass through support in 1030 if the Bears want to win the battle
From sector what I noticed, seem Technology and Materials (Mining) led the market to free fall for several days.
Note the light green line (Technology) and blue (Materials)
Let’s see 4 Horsemen of Technology Stocks
GOOG – insist to break down the support line
AAPL – Still not Bearsih, Still on trading range. Thoughest one from 4 horsemen
RIMM – Bad one
AMZN – The support around 110 is the key
What about Materials?
FCX – Can another support hold?
RTP – Head and Shoulder Pattern?
X – Bear Bear Bear
NEM – Another H&S?
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