Monday, December 4, 2017 1:07 PM EST
The big pop that took place because of the massive tax fraud being rammed up the middle class’ backside has, shall we say, lost its potency over in NASDAQ-land.
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In particular, semiconductors are getting whacked. This has been an area of massive strength until recently.
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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...
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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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CNBC is starting to wonder if the technology trade is now completely over, so I am guessing it might be a good time to watch for long entries. If some bounce off the 100MA, it might provide a few good trades. NVDA is close to the 100MA.