The gap between Friday and Monday bears close scrutiny with respect to the entire tech sector. My view is that today’s UNGODLY boring trading action is just a pause in another leg down. That red line has to be conquered by the bulls in order for them to wrest control back. This trade war business is being vastly underrated in its importance.
QQQ
These gaps stick out particularly well with the likes of Netflix (NASDAQ:NFLX) (P/E of about 270, what a deal!)
And Amazon.com (NASDAQ:AMZN) (which is much, much cheaper at a P/E of 213). The insanely rich valuations have been subjected to the tiniest trim with a pair of nose clippers.
