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These tech stocks were extremely 'overbought' ahead of the massive sell-off

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For subscribers: These tech stocks were extremely 'overbought' ahead of Thursday's massive sell-off. Check out CNBCPro today.

A view of Nasdaq in Times Square hours ahead of the implementation of 'New York State on PAUSE' executive order as the coronavirus continues to spread across the United States on March 22, 2020 in New York City.Thursday's sell-off chopped the top off the recent rally for the market, hitting the red hot tech sector particularly hard. Technical factors showed that some of those stocks were due for a pullback, according to Bespoke Investment Group.

The tech-heavy Nasdaq Composite, which had risen more than 30% so far in 2020, sank nearly 5%. Several major tech stocks were in Bespoke's list of the top-40 most overbought stocks as of Monday, including the most stretched out name on the list.

 

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Pro Retail dumb$ & 401ks trading other people’s$ got in at the top in July/Aug = QuickTest of July lows in this W recovery? 🌷

Pro I hope the brakes are working on that truck I can see in my review mirror.

Pro I think we will see more selling. I don’t necessarily like it as. Over 50% of my portfolio is in tech, SOXX, QTEC, FTEC, FDN etc. They’ve all done well and I will hold them but wouldn’t be surprised to see them drop 10-20% in the near future.

Pro Great insight there. Definitely warrants getting a Pro subscription for articles like this.

Pro Just a normal market correction. All part of investing. Ignore it

Pro Dear Fed, thanks for making CD's worth sh*t...

Pro CNBC is still hardcore Republican

Pro

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Here's what happened to the stock market on ThursdayA massive sell-off in tech dragged down the broader market from record levels. We can’t really explain why the markets went up so much last few months; we could make educated guess. Now we can’t really explain why there’s a down turn; we could make educated guess... ! I don’t believe we can explain on fundamentals!
ソース: CNBC - 🏆 12. / 72 続きを読む »

Here's what happened to the stock market on FridayStocks gyrated wildly throughout Friday's session as tech shares tried to recover from a massive sell-off in the previous session. I think too many people have been investing with money they don't spend on leisure and travel. The economy is pretty bad. Mask up. Test. Vote for Biden/Harris. Care for all. = SaveNavidAfkari
ソース: CNBC - 🏆 12. / 72 続きを読む »

Stocks take a breather after Thursday's brutal tech-sell off drove Wall Street to its biggest drop in three months | Markets InsiderSummary List Placement Tech stocks take a breather on Friday after Thursday's sell-off.  European stocks turned green as investors digested...
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

US stocks trade mixed as major tech sell-off offsets strong labor-market data | Markets InsiderSummary List Placement US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemplo... Hi, I will provide you with the BEST Quality B2B, B2C lead of any business sector/category that you can use to increase your sales or increase your Business traffic. To Take My Serves Please DM/PM me or Visit My Gig: leadgeneration B2B Businessleads
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »