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The Curse of 50- Day Wall - SPY, DIA, QQQ, & IYT

Kristin Alonzo

22-Mar-2018 09:07 AM

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The Record high theme is now out of the headline, U.S. benchmarks have succumbed to the 50-day moving average resistance.  It is important to keep in mind that a trend change is not an instant event, instead, it is a process.  Without these Major ETFs or Benchmarks clearing the overhead 50-day moving average, we are in early phase of distribution.

Amazon reached a milestone this week, dethroning Alphabet as number 2 of the most valuable company on earth.

  • Apple (AAPL) Amazon (AMZN)  Netflix (NFLX) Alphabet (GOOGL)
  • SPY, QQQ, DIA, XLF, XRT, XLE, IYT, IWM, IBB, SMH

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