Market Comments Submitted by Nick at Ambitions as a Stock Trader
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Submitted by My Ambitions as a Trader and Investor
Oil and Oil Stocks Slide While Tech Stocks Lead The Way…
All across the board, most of the oil stocks took a beating. Oil stocks such as PDO, MXC, ROYL, FPP and many others faced strong selling pressure from anxious retail investors looking to cash in a profit. On the flip side, the strength in the NASDAQ definitely helped out quite a few tech stocks. Many of these tech stocks experienced above average volume and institutional buying pressure. Some notable tech stocks include: AEHR, ANST, CVLT, FFIV, HGG, MPWR, MRVL, NZ, PEGA, PSEM, QCOM, UTSI, etc.
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