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Money flows in 11 popular tech stocks show that the rally is suspect

Popular technology stocks have recently staged a rebound. But segmented money flows show the rally is suspect.

Let’s examine the issue with the help of a chart.

Chart

Please click here for a chart showing money flows in 11 popular tech stocks. Due to the popularity of these stocks, it makes sense to look at them in addition to Dow Jones Industrial Average DJIA, -0.05% and broad-based ETFs such as S&P 500 ETF SPY, -0.02% Nasdaq 100 ETF QQQ, +0.14% and small-cap ETF IWM, -0.30% Please note the following:

• Momo (momentum) crowd money flows are extremely positive in the stock of AMD AMD, -2.47% and positive in Intel INTC, +0.11%

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