Oct 23 2018 - SPY Closes Below 200-day SMA

SPY did rally off its lows today but the ETF did finish below its 200-day SMA, which is a much watched institutional moving average. DIA and QQQ managed to finish above their respective 200-day SMAs (for now).

CAT, MMM and TXN are all down on earnings news, with TXN having some substantial downside technical targets (if support cannot hold).

We also discuss XHB, NVDA, NFLX, UTX and more.

Have a great day!

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