We've been highlighting how important the 50-day SMA (institutional moving average) is as a key support level for the major indexes. Yesterday, SPY and DIA both breached it on a closing basis, which resulted in a lot more selling pressure coming into the markets today. Downside targets are inside the video.

We also cover AAPL, GOOGL, AMZN, FB, TLT, GLD, GDX, SMH, IYT, XLF and more.

And, the best time of the trading year is fast approaching and there is no better time than now to get ready so...

I'm holding a live 'See The Top 10 Stocks For Year-End Event' this Friday October 4th at Noon ET (9am PT).

I'll be covering the top bullish and bearish stocks that possess historical track records of moving higher or lower by as much as 80%, 85%, 90% of the time.

This is a must-have shopping list for year-end.

The webinar room only holds 500 seats, so please grab your spot ASAP by copying and pasting the below link into a browser:

https://zoom.us/webinar/register/WN_x9_dDchkSdOSTJ9_Mv3qLQ

Have a great day!

Ron

Oct 2 2019 - Markets Sell Off As Expected