The equity markets sold off again today and they are now approaching the October lows. DIA did remain above its 200-day SMA and it is still holding onto an 'inverted head and shoulders pattern'. Overall, the major ETFs remain technically bearish.

Apple (AAPL) cut through its 200-day SMA like a hot knife through butter today. The next support level is 3% lower and if the $180 level fails to hold, subsequent support resides all the way down at the $160 area.

Due to the increase in market volatility, I'm holding a special event this Friday November 16 at Noon ET (9am PT).

I'm going to outline the Top 10 Bullish AND Bearish stocks for year-end. So whatever the market decides to do between now and the New Year, everyone attending this webinar will have the top proven bullish and bearish trade ideas at their fingertips. Be sure to register below because we will maximum capacity ahead of Friday's event.

You can register here: http://markettamer.omnovia.com/register/87091541956318

I look forward to seeing you there,

Ron

Nov 14 2018 - Apple Crashes Through Support