Doing my scans last night I noticed serious technical damage in a number of seemingly well to do companies, which got me thinking about the market. Last year the market was 100% shit until November, with gains only concentrated the “Mag 7.” I haven’t thought about whether these stocks are ‘deals’ or a forward looking indicator into what might eventually lead to a much worse broader market.
Here are some that stood out for me.
1mo losses
$ULTA down 25%
$CELH down 22%
$LULU down 22%
$AMD down 19%
$ADSK down 15%
$BMY down 15%
$EQIX down 13%
$OKTA down 12%
$CRL down 12%
3mo losses
$ZS down 23%
$ADBE down 20%
$SNOW down 18%
$MELI down 17%
$TEAM down 16%
$AKAM down 14%
$PANW down 12%
$SHOP down 12%
6mo losses
$ON down 27%
$BABA down 11%
$DEO down 10%
$NTES down 10%
$ILMN down 9%
