Big Tech Stocks Out of Gas?

April 26, 2023
Author: Peter Stolcers, Founder of OneOption

These stocks have lead the light volume bounce and they are trading at lofty levels. Traders are wondering if they have any upside left.

PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the market showed some signs of strain near major horizontal resistance. Big tech companies have accounted for most of the market gains this year and GOOG and MSFT reported after the close. Traders will be watching the reactions to gauge if there is any punch left in this light volume bounce.

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