May 29 2019 - Dow Breaches 200-day...

The Dow Jones ETF (DIA) is the first of the three major index ETFs to breach the 200-day SMA on a closing basis. The bears (day by day) are gaining the upper hand right now. Keep an eye on the 200-day SMAs on SPY & QQQ. If both of those fail to hold as support, the selling could quickly intensify.

We also discuss the retail carnage in ANF, KSS, JWN & XRT along with Palo Alto's (PANW) after-hours sell off and a trend change in General Mills (GIS).

Have a great day!

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