• The big declines yesterday in Tesla & Nvidia were offset by rises in other tech stocks.  These two names had become extremely overbought, so it’s no surprise that they starting to give some of their gains back right now.
  • The recent drop in the IBB biotech ETF has it testing its multi-month trend line.  It will take more downside follow-through to raise some warning flags on this group, but there are definitely some cracks developing on the technical side of things.
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