As a follow-up to the post from earlier this evening, which noted that Broadcom (AVGO) was blasting higher………..well: it’s not blasting anymore.
I guess the printed earnings report was one thing and the conference call was quite another. This one stock is dragging down /NQ as well.
The broader challenge is to toss cold water onto the small caps. The /RTY, shown here on a longer timescale, has been on a dreadful tear lately, killing bears all along the way.
I must say, however, this one cover made my day.
Don’t ever underestimate the cover curse. Its record is unblemished.
