Heavy Selling In Tech Stock
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows heavy selling in tech stocks.
- Tech stocks are being sold on the fear that the Fed will start tapering.
- The momo crowd has continued to buy as tech stocks fall.
- As of this writing, heavy selling from non-momo groups in the stock market is abating. This is allowing momo buying to lift the stocks.
- The VUD indicator is the most sensitive measure of net supply demand in real-time.