Is the Tech Stock Market Bloodbath is Finally Here?

By: Graham_Summers

Tech is ready to implode.

The NASDAQ ETF (QQQ) has broken its bull market trendline. Even worse, it has failed to reclaim this line despite a strong bounce. This is a MAJOR warning that the upwards momentum is gone.

The next leg down should be a doozy (the target is the red circle on the chart below).

This is a BIG deal for the broader market as even the S&P 500 has seen most of its gain produced by large tech companies such as Apple, Amazon, and the like.

Put simply, if Tech goes… the ENTIRE market will go.

With that in mind, let’s take a look at the big Tech players.

Apple (AAPL): a bearish rising wedge pattern broken after a false breakout to the upside. The stage is set for a bearish reversal.

It’s a very similar story for Amazon (AMZN)

As well as Alphabet (GOOGL)

And Nvidia (NVDA)

All four of these charts have massive “air pockets” from current levels down to support. This has the makings of a Tech Crash that will take 90% of investors to the cleaners.

But smart investors will use it to make literal fortunes from it.

We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.

We made 1,000 copies to the general public.

As I write this, only 59 are left.

To pick up one of the last remaining copies…

CLICK HERE!

Graham Summers

Phoenix Capital Research

http://www.phoenixcapitalmarketing.com

Graham also writes Private Wealth Advisory, a monthly investment advisory focusing on the most lucrative investment opportunities the financial markets have to offer. Graham understands the big picture from both a macro-economic and capital in/outflow perspective. He translates his understanding into finding trends and undervalued investment opportunities months before the markets catch on: the Private Wealth Advisory portfolio has outperformed the S&P 500 three of the last five years, including a 7% return in 2008 vs. a 37% loss for the S&P 500.

Previously, Graham worked as a Senior Financial Analyst covering global markets for several investment firms in the Mid-Atlantic region. He’s lived and performed research in Europe, Asia, the Middle East, and the United States.

© 2017 Copyright Graham Summers - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.