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Old 24 July 2020, 03:13 AM   #3685
beshannon
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Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,888
Quote:
Originally Posted by gnuyork View Post
What's going on today? My tech stocks are way down, mainly Apple.
Quote:
Originally Posted by austinp View Post
All the tech big boys have gone up a lot lately. Maybe some profit taking?


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Quote:
Originally Posted by jpeezy14@hotmail.com View Post
Definitely an interesting turn on very little news.

Not sure what would cause such a rotation today. The market can't seem to figure out what it wants to do over the last couple of weeks. It's not as if a vaccine is around the corner to cause rotation into cyclicals now.
https://seekingalpha.com/news/359430...-goldman-sachs

The Tech trade is vastly over heated and this note from GS was not helpful.

If you are not protected with stop/limit orders/ selling calls/buying puts or just trimming positions you may be in for a nasty surprise.

I sold half my AAPL today, sold all of my XOM, DD
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