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Divergence Convergence

ggarbacz
Joined Dec 4, 2012
319 Blog Posts

Washed Out Names Are Not Puking

ggarbacz Wed Jan 13, 2016 1:46pm EST 1 Comment

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
    probucks
    January 13, 2016 at 3:20 pm

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

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