The big-cap tech took a beating yesterday, closing down 512 points, or 2,77%. Volume increased approximately 25% to the downside; that’s not a good sign. Again, if you are a trader, it’s a good time to take a little off the table. There will be a rainy day (when prices are quite a bit lower) when buying some of these high-flyers. If you’re a long-term holder, you will be OK over the long term (years). But get ready for some steep price declines in these stocks. It is going to be painful to watch and remember that you could, would, and should never put any money in anyone’s pocket. I will review all the big tech I expect to have large declines in a future post. If you have big tech that has made big runs in 2024, you know who you are. It’s never a good idea to wait until the last minute.
