Warning: Friday’s Tech Bloodbath Could Be the Start of Something BAD
Warning: Friday’s Tech Bloodbath Could Be the Start of Something BAD by Graham Summers – Gains Pains Capital
As we’ve noted time and again, the market is NOT healthy.
All told, just five companies have accounted for nearly HALF of the market’s gains in 2017. Most S&P 500 companies are in fact DOWN and some are DOWN quite a lot.
That’s actually the good news… because on Friday, the five companies that were driving the market (Facebook, Apple, Amazon, Google, and Microsoft) were a BLOODBATH.
Apple has now lost its bull market trendline.
So has Amazon.
While Facebook and Microsoft are on the ledge of a cliff.
This is a MAJOR warning to the markets. When the big market leaders break down and erase months’ worth of gains in a single day, the momentum is gone.
A Crash is coming..
And smart investors will use it to make literal fortunes from it.
To pick up a FREE report outlining three investment strategies on how to profit from the coming crash…
Chief Market Strategist
Phoenix Capital Research