Sep 1 2019 - Daily Charts Still Bearish But Weeklies Turn Bullish

The bulls were able to push the SPY, DIA & QQQ above their respective 50-day SMAs on Friday but by day's end, they lost the battle as profit taking kicked in. The bears get the edge on the daily charts once trading resumes on Tuesday (U.S. markets closed on Monday due to Labor Day). The weekly charts interestingly enough have turned bullish due to last week's overall positive finish.

I also cover VMW, DLTR, WDC, ULTA, XOP and more.

Have a fantastic week ahead!

Ron

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