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Retail (lime) took a hit yesterday, and that's not good
On the floor is Discretionary (pink) and the Techs QQQ (black) aren't much better
(chart: yesterday's close)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Major pivot zone for bigger picture, as of now a breakout price action is having problem, lower trade under the zone will confirm a failed breakout. a retest the low is highly likely if so.
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U.S. stocks are trading lower after the opening bell as investors weigh a presentation from Federal Reserve Bank of St. Louis President James Bullard hinting at the possibility that the Fed's benchmark rate may need to rise even further than investors and official Fed projections expect.
Charts posted are not recommendations. They are just a sharing of information.
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Oh boy what a tale. Excerpts from the first filing of the FTX bankruptcy. This will be a movie some day. It is the lead story at Zero Hedge.
Those of us who remember the dot.com demise will wonder, when this is over, why no one ever listens to Mark Twain. " History never repeats, but it sure rythmes a lot".