Weekly chart.
As price moves higher, smart money shows an opposite sign.
Is major correction around the corner ?
Note
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Source :
1) Metastock
Technology shares were under pressure yet again on Thursday, pulling lower all the 3 major Wall Street indexes, as investors fretted about bloated valuations.
The technology sector has risen 16.7% this year, far outperforming other sectors and giving investors a chance to lock-in gains.
The tech-heavy Nasdaq Composite has also surged 13.7%, compared with the S&P 500's 8.2% gain for the year.
More news, Wall St lower as tech slide resumes
Source :
1) www.reuters.com
