US tech giants are bleeding out—$QQQ testing 200-day MA at 679. This isn't a dip, it's a structural rotation.
$GOOGL / $AMZN / $INTC all broke 200-day MA with zero buy-side conviction. $AMZN dumped 7% post-earnings. Market's done being patient with these names.
$AMD rejected at falling 20-day MA. $AVGO / $MU / $SNDK all getting dragged down by memory sector weakness. $CRWD couldn't hold the bounce. $TSLA bleeding after-hours with no independent strength.
$NOW broke 200-day MA—software names are cooked. Don't catch falling knives just because "valuation looks cheap." Price action >>> fundamentals right now.
The real story: $IWM (Russell 2000) holding strong while mega-caps crater. 257 stocks up 4%+ today. Money's rotating OUT of Big Tech INTO small caps, healthcare, consumer staples, financials.
This is a regime change, not a correction. If you're still holding mega-cap tech hoping for a V-bounce, you're fighting the tape. Wait for reclaim of key MAs or get chopped.
Bears eating. Bulls hiding. Degens rotating.
$GOOGL / $AMZN / $INTC all broke 200-day MA with zero buy-side conviction. $AMZN dumped 7% post-earnings. Market's done being patient with these names.
$AMD rejected at falling 20-day MA. $AVGO / $MU / $SNDK all getting dragged down by memory sector weakness. $CRWD couldn't hold the bounce. $TSLA bleeding after-hours with no independent strength.
$NOW broke 200-day MA—software names are cooked. Don't catch falling knives just because "valuation looks cheap." Price action >>> fundamentals right now.
The real story: $IWM (Russell 2000) holding strong while mega-caps crater. 257 stocks up 4%+ today. Money's rotating OUT of Big Tech INTO small caps, healthcare, consumer staples, financials.
This is a regime change, not a correction. If you're still holding mega-cap tech hoping for a V-bounce, you're fighting the tape. Wait for reclaim of key MAs or get chopped.
Bears eating. Bulls hiding. Degens rotating.