Dow Jones Breaches 50-day SMA, AAPL Starts To Selloff

The Dow Jones ETF (DIA) and the MidCaps (MDY) have now closed solidly below their respective 50-day SMAs. The bears are starting to get the upper hand. Down days are now seeing higher volume than up days, again pointing to a shift in trader sentiment.

Even the 'bell weather stock' Apple (AAPL) is starting to see some selling pressure, which is another sign of a change in investor confidence from wildly bullish to more of a cautious/profit taking mood.

We also review AMZN, GOOGL, ADBE, NFLX, GLD, VIX and more.

Have a great week ahead!

Ron

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