Joined Dec 4, 2012
319 Blog Posts

Washed Out Names Are Not Puking

It is interesting that today, washed out names like Under Armour (UA) are higher for the day. It is up by 1.16%. Qualcomm (QCOM) also qualifies as washed out and it is higher by 0.70%.

Leaders like the FANG (Facebook/Amazon/Netflix/Google) names are being taken to the woodsheed. Usually this happens as we get near a low. Just a quick observation.

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One comment

  1. probucks

    They’re getting Axed because they’re over valued not because we’re getting close to a bottom.

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