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Tech Breaking Down, Gold Breaking Out
Many technicians are starting to note that Tech stocks are breaking down. I have been all over the false breakout in the QQQ so I’m simply going to update the chart through Thursday and point out that we’ve now closed three straight days below the February 12 close of $336.45.
Scenario Analysis For Friday’s Trading Session
The S&P is currently in a range between 4950 and 5250. After blowout earnings from Google (GOOG/GOOGL) and excellent earnings from Microsoft (MSFT) Thursday afternoon, the market is going to gap up at Friday’s open. The question is: What happens…
