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
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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