Tech and biotech continue to slide


There's little movement in the S&P 500 and Dow, but what the chart-watchers like to call a technical divergence is occurring in the Nasdaq (QQQ -1.4%) and Small Caps (IWM -0.8%) for the 2nd consecutive day.

Leading the Nasdaq lower are roughly 2% declines in Google and Microsoft. The deflating Biotech sector (IBB -2%) is again the main culprit in small caps. Up 20% YTD in late February, the IBB is back to about flat for 2014.

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Comments (3)
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Is volume up?
    4 Apr 2014, 11:42 AM Reply Like
  • Cagdas Ozgenc
    , contributor
    Comments (405) | Send Message
     
    No real earnings, full of air techs with 100 PE are crashing. Good. It was about time.
    4 Apr 2014, 12:22 PM Reply Like
  • Michael Clark
    , contributor
    Comments (11138) | Send Message
     
    A lot of charts are breaking down. If HFT goes, where does the volume come from? Is this the beginning of the Earthquake?
    4 Apr 2014, 12:44 PM Reply Like
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