Transport Sector on its 3rd Day Decline
The transport sector is now on dramatic bearish signal, its nearing 4% difference from the nearest 20 day and 50 day reversion. Chart is forming an upside down U.
- Apple (AAPL) Amazon (AMZN) Netflix (NFLX) Alphabet (GOOGL)
- SPY, QQQ, DIA, XLF, XRT, XLE, IYT, IWM, IBB, SMH
DowJones took a hit yesterday in lieu of Walmart 10% slump post earnings result - marking it as 11th closing price move of by full 1%.
S&P 500 and QQQ holding up their bullish threshold. Technology giant stocks continues to outperform broad sector. Amazon and Apple within crosshair away from their record high.
Twitter: @ Kris_tin27