The change in market style can be seen from the relative strength of the indices: DJI＞RSP/IWM＞SPY＞QQQ. The weakness in tech didn't start recently - ORCL, as a representative of the OpenAI camp, has been in a downtrend. Friday saw many companies confirm bear flag patterns in their downtrends, and today they continued falling accordingly.
Among the M7, $Tesla(TSLA.US) is the strongest
The old-timers continue to perform
$Johnson & Johnson(JNJ.US)$Unitedhealth(UNH.US)$Eli Lilly(LLY.US)
All are strong, LLY and UNH both found support at the 50% retracement level of the left-side trend
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
