Mar 22 2018 - Markets Breakdown, Target 200-day MA

The markets apparently had a few reasons to 'sell-off' today, including trade wars, the President firing a lead lawyer and investment grade credit crashing.

Overall, the bears have the upper hand in the short-term with the 200-day SMA as the next major technical target for most of the major indexes.

We also discuss JNK, HYG, XLF, GLD, VIX, FB, DE, CAT, MMM, GOOGL, AMZN, AAPL, NFLX, MRO, RIG and potential bullish trade ideas in PCG and EIX.

Have a fantastic Friday and a great weekend ahead!

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