Even though over 50% of the 2000 stocks from the NYSE Composite Index are down over 30% from their 52-week highs, it took until yesterday for the major indices to officially enter the bear market territory. It only took the potential for nuclear war.
If we look at seven of the mega-cap stocks, which some clever person gave the acronym of FAATMAN (Facebook (FB), Amazon (AMZN), Alphabet (GOOGL), Tesla (TSLA), MSFT, AAPL, and Nvidia (NVDA), they’re below most of their moving averages; back to from nearly a year ago.
Here are three things I’m looking for before the market can regain its footing.
The post 3 Things I’m Looking for In This Bear Market appeared first on Option Sensei.
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