Most of the investors in the Nasdaq market are traders who recognize that when stocks get oversold they pick up the bargain price. That said, they are not committed to holding stocks. If we don't get some action by 11 a.m. on Monday, they usually cash out. Tuesday is usually the rebound day, but this week may be an exception due to the presidential election. The market is also in a holding pattern over Cisco Systems, which reports its numbers after the market closes on Monday.
Cisco has a lot of negativity built into the stock.
For a long time it was taboo to say anything negative about Cisco and that's not the case any more. This sector showed the most life in an otherwise weak tech market. This sector was beaten up pretty badly, thanks to profit taking. Send it . Use this version.