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US TECH 100
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techcharter

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techcharter

Re: None

Thursday, 07/27/2017 7:21:55 PM

Thursday, July 27, 2017 7:21:55 PM

Post# of 51771
Bear Market Started with a FAANG

This group of darling stocks were holding up the market. With the big choke by Amazon after hours, all FAANG shares have topped and made their turn sharply lower. Global markets should fall very quickly.

The euphoria is at an extreme as indicated by a VIX reading in the high 8's on Wednesday. This is a 5-year low. Margin debt peaked this cycle in April 2017 and has been down for 2 months. July's data will be released shortly. The Baltic Dry Index has fallen by 40% since its counter trend top in March 2017.
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