Tech Stocks Are Main Culprit for Market Selloff, Mark Newton Says

The video discusses the tech market sell-off, highlighting significant drops in major indices like the S&P 500 and NASDAQ 100. It examines the bearish trends in tech stocks, particularly Apple and Facebook, and the broader market impact. Expert Mark Newton provides insights into market conditions, emphasizing the challenges across various sectors, including equities and cryptocurrencies. The discussion also covers sector rotation, suggesting a shift from technology to healthcare. Future market predictions focus on key support levels and potential stabilization.

What was the performance of the NASDAQ 100 futures during the tech sell-off?

• Up 2%

• Down 3.4%

• Up 3.4%

• Unchanged

Which pattern was debated as either bullish or bearish during the October sell-off?

• Double top

• Inverse head and shoulders

• Cup and handle

• Ascending triangle

According to Mark Newton, which sector should investors focus on instead of technology?

• Consumer Discretionary

• Healthcare

• Energy

• Financials

What is the key support level for the NASDAQ 100 futures mentioned in the analysis?

• 6250

• 6580

• 7000

• 6000

What is the significance of the Fibonacci area mentioned in the context of the NASDAQ 100 futures?

• It marks the peak of the market

• It indicates a potential reversal point

• It shows the highest trading volume

• It is irrelevant to the analysis