Thursday, January 31, 2019 11:56 PM EST
Software stocks have showed great relative strength all during the market correction that began in October 2018.
Justin Smyth is an independent trader with over 15 years of experience in the markets and the founder of www.nextbigtrade.com. Justin primarily uses a trend following method called Stage Analysis to trade the markets. He ... more
Justin Smyth is an independent trader with over 15 years of experience in the markets and the founder of www.nextbigtrade.com. Justin primarily uses a trend following method called Stage Analysis to trade the markets. He publishes articles and videos on the markets and has developed a screening tool using Stage Analysis at screener.nextbigtrade.com.
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Semiconductor Shares Slammed After Earnings
The chart of NVDA still looks fine. Sector-wise though after this much damage after earnings I'd expect these other stocks to need some time to repair damage before resuming uptrends.