ibankcoin.com / Dr. Fly / Jul 3, 2017
Tech stocks are being punished today, on the eve of hot dog and bottle rocket day.
The rotation has never been more abundantly clear with the Dow up 180 and the Nasdaq lower. Anyone positioned in NVDA today is hating life, while the Goldman and the Citi stock holders toast to America’s prosperity.
Also, commodity stocks are ripping higher, sans gold, thanks to both a bounce in crude and rotation into an underowned sector.
This is the part where weak hands become lost, dispirited, and give up under an avalanche of losses.