“If you look around, complacency is the great disease of your autumn years, and I work hard to prevent that.” – Nick Cave
As highlighted in yesterday’s post, Tech is at a key turning point and despite the general grind higher in the markets, FANG+ names were starting to look tired and unable to really follow the press higher. We reiterate out call for a pause and the start of a retracement from these levels. Furthermore, we continue to stick with our unpopular call for weaker USD and will continue to discuss this along with recent intraday action in the metals in today’s webinar session.
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