THE CHART SHOWS DOJ BROADSIDE AGAINST THE BIG TECH MAKES THE STOCK RALLY PRECARIOUS $FB $AAPL $GOOG $AMZN $QQQ $SPY $DIA $DJIA
The Justice Department has launched a broad anti-trust investigation into big technology companies.
A chart, below, shows that the probe has the potential to make the current rally precarious. Let’s examine the issue with the help of an annotated chart. Please click here for an annotated chart of S&P 500 ETF SPY which represents the S&P 500 Index SPX.
Please note the following:
• As the chart shows, the stock market is consolidating just above a breakout point. This is not a hallmark of a strong rally. A strong rally would typically move farther after a breakout.
Please click here for an annotated chart of Dow Jones Industrial Average ETF DIA.… Please click here or the title below to read more.
July 24, 2019