Expecting A Dip

PUBLISHED Jul 1, 2024, 12:01:20 PM        SHARE

img
imgTom Hamilton

June 28, 2024 – I guess that it bares repeating . . . . this market is narrowly focused on large cap tech stocks, and only a handful of them. While that’s not necessarily “Bad”, it does leave everything venerable to one small slip in tech world, and everything hits the skids.

Couple that with these stocks are over extended and the end of the second quarter means let’s be extra careful over the next 1-2 weeks. I’m watch the NASDAQ 100 Index particularly for signs of weakness, since that’s where the big Tech stocks are dominating the index.

It’s not all doom & gloom though. I’m thinking only a small dip for the markets to “catch their (collective) breath”. Then, back at it again. Have a great 4th of July (those in the US). …………. Tom ……………



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