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.
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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