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Market Extra
This chart signal says stop buying megacap technology stocks
Published: Sept. 21, 2020 at 7:12 a.m. ET
By
Tomi Kilgore
Fifty-day moving average is falling for Microsoft, Amazon and Google parent Alphabet but still rising slightly for Apple and the Nasdaq-100 Index
....On Wednesday, falling 50-DMA even acted as resistance, capping the stock’s attempted rally at the open. That’s a change from late July to mid-August, when a rising 50-DMA acted as support.
![[Bild: MW-IO830_MSFT_3_20200919151104_NS.png?uu...8e992d421e]](https://ei.marketwatch.com/Multimedia/2020/09/19/Photos/NS/MW-IO830_MSFT_3_20200919151104_NS.png?uuid=dd75b2c6-faab-11ea-adad-9c8e992d421e)
![[Bild: MW-IO828_AMZNPN_20200919151103_NS.png?uu...8e992d421e]](https://ei.marketwatch.com/Multimedia/2020/09/19/Photos/NS/MW-IO828_AMZNPN_20200919151103_NS.png?uuid=dc7b0344-faab-11ea-abb5-9c8e992d421e)
![[Bild: MW-IO829_GOOGLP_20200919151104_NS.png?uu...8e992d421e]](https://ei.marketwatch.com/Multimedia/2020/09/19/Photos/NS/MW-IO829_GOOGLP_20200919151104_NS.png?uuid=dcf83ec2-faab-11ea-8c79-9c8e992d421e)
![[Bild: MW-IO827_AAPLPN_20200919151102_NS.png?uu...8e992d421e]](https://ei.marketwatch.com/Multimedia/2020/09/19/Photos/NS/MW-IO827_AAPLPN_20200919151102_NS.png?uuid=dc011836-faab-11ea-8747-9c8e992d421e)
![[Bild: MW-IO831_SPXPNG_20200919151105_NS.png?uu...8e992d421e]](https://ei.marketwatch.com/Multimedia/2020/09/19/Photos/NS/MW-IO831_SPXPNG_20200919151105_NS.png?uuid=ddf0017a-faab-11ea-b789-9c8e992d421e)
https://www.marketwatch.com/story/this-c...=home-page
This chart signal says stop buying megacap technology stocks
Published: Sept. 21, 2020 at 7:12 a.m. ET
By
Tomi Kilgore
Fifty-day moving average is falling for Microsoft, Amazon and Google parent Alphabet but still rising slightly for Apple and the Nasdaq-100 Index
....On Wednesday, falling 50-DMA even acted as resistance, capping the stock’s attempted rally at the open. That’s a change from late July to mid-August, when a rising 50-DMA acted as support.
https://www.marketwatch.com/story/this-c...=home-page
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