Stocks were on the slide Tuesday as nervousness grew over the start of Q2 earnings season when Alcoa (AA) reports after the close, as well as the outbreak of another geopolitical hotspot as Israel gears up for an anti-terror campaign in the Gaza Strip.
With Iraq still a mess and Iranian nuclear negotiations on the fritz, the Middle East is really heating up. And let’s not forget that Ukraine is far from resolved as well.
Technically, the Dow Jones Industrial Average has been pushed back below the 17,000 level that had the bulls foaming at the mouth over the weekend while the Russell 2000 is down another 1.6% as I write for its worst two-day drop since April.
Given all the pent-up selling pressure, the drop could deepen much further.
Certainly, the weakness is already hitting momentum favorites in the technology sector. Here are five popular tech stocks that you need to sell or avoid.