Apr 15 2018 - SPY & DIA Rejected at 50-day SMA

SPY & DIA were stopped cold at their respective 50-day SMAs on Friday. As we head into this week, both SPY and DIA remain in 'neutral' technical territory on the short-term charts.

Earnings Season will be in full swing this week so we can definitely expect some individual stock volatility.

Energy stocks continue to perform well like APA and HAL. We also discuss XLE, SLB, CNQ, SOHU and NFLX.

Have a great week ahead!

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