Jan 21 2019 - Bulls Making Progress...
The bulls are making 'technical progress' on the daily charts. The major index ETFs have now closed above their 50-day SMAs, which leaves their 200-day SMAs as the next upside target. DIA actually hit its 200-day SMA on Friday but was rejected. If selling pressure resumes, keep an eye on the 20-day EMA for a key litmus test.
We also discuss NFLX's amazing run (right on schedule), NVDA clearing its 50-day SMA, TSLA's huge trading range along with SLB, NOG, DSKE and more.
Have a great week ahead!
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