With interest rates creeping higher, the tech stocks have been slowly suffocating. As a chartist, I am particularly excited to see major trendlines starting to break, such as the Nasdaq Composite:
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The semiconductor index SOX also cracked its trendline, thanks to weakness in MU and JBL:
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The last man standing is the Nasdaq 100. All we need is one medium-weak day, and this can join the party as well.
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