Aug 5 2018 - Stock Bulls In Charge, AAPL On Fire
The QQQ's held their 50-day SMA (institutional moving average) last week and remain bullish heading into this week. The SPY continues to do just fine and is flirting with new all-time highs again. IWM and MDY are in 'consolidation mode' right now.
Apple (AAPL) is the first Trillion Dollar company and remains firmly bullish on the charts. FB held support at $170 and we can now watch to see if a 'gap fill' is in the cards.
We also discuss the Brazilian ETF (EWZ) 'cup and handle' formation, Staples ETF (XLP), GOOGL, NFLX and more.
Have a great week ahead!
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