TheoTrade Insider: Tech Tanks and the Flight to Safety Begins

June 20, 2024 | [Read Online]( Tech Tanks and the Flight to Safety Is On By Blake Young The Magnificent Seven oftentime market leaders were, collectively, down more than 1% by midday. The broader NASDAQ-100, around 55% of which is tech, was off around 0.06% over the same timeframe. That doesn’t sound like much, because it really isn’t, but the selling is important because it’s a sign of the times: The appetite for risk is drying up, and capital is increasingly making a classic “flight to safety.” You can really see this happening in the S&P 500 and NASDAQ futures, ES and NQ, respectively. I’m going to pull up my charts for both of those contracts to give us a sense of this from a technical perspective - very important. We’ll also look at how this is playing out in specific sectors we’ve been looking at lately, like utilities and healthcare, to name just two. [Let’s get started…Â]( [TheoTrade Daily Chatroom Schedule for Friday, June 21, 2024]( 8:45 AM to 9:20 AM: Blake Young and Brandon Chapman do TheoTrade Live 9:20 AM to 10:30 AM: I’ll be getting us ready for the opening bell 10:30 AM to 11:30 AM: Professor Jeff Bierman shows you… The Way 11:30 AM to 12:30 PM: Blake targets more earnings trades 12:30 PM to 1:15 PM: Gianni Di Poce is watching currencies and a lot more 1:15 PM to 2:00 PM: Brandon checks top-performing stocks and sectors 2:00 PM to 3:00 PM: Tony Rago finds targets in NQ charts 3:00 PM to 4:00 PM: Corey Rosenbloom will make range and trend plays Two New Moves to Make Gianni and Brandon both dropped fresh recommendations in the chat. Gianni recommends nabbing a smaller pharma company at $17, and Brandon put on a vertical spread in “pet-tech” stock CHWY. Catch TheoTrade Live at 8:45 AM Tomorrow Blake and Brandon will livestream tomorrow morning before the market opens. Stocks to buy and avoid, technical charts, sector rotation, and the macro stories moving markets - it’s all on the table. And, best of all, it’s completely free. [Click here to make sure you never miss another TheoTrade Live update…]( We’ll talk again soon, Don Kaufman Co-Founder, TheoTrade Update your email preferences or unsubscribe [here]( © 2024 TheoTrade (FOMO) PO Box 24790 Christiansted, Virgin Islands 00824, United States of America