Aug 15 2018 - Dow Bounces at 50-day SMA
The Dow ETF (DIA) hit the 50-day SMA (institutional moving average) intraday before bouncing into day's end. SPY & QQQ also remain above their respective 50-day SMAs as some profit taking kicks in.
AAPL continues to hold up well after another reported Berkshire investment. ADBE appears to be taking a break, M got whacked 15.95% and still has another 15% of potential downside and WLL finally broke support. We also discuss CREE, EEM, TUR and more.
Have a great day!
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