SPY, DIA, QQQ Break 20-day EMA

SPY, DIA, QQQ and MDY have closed below their respective 20-day EMAs. DIA bounced off its 50-day SMA and MDY (Midcaps) performed the worst, closing beneath its 50-day SMA. The bearish engulfing pattern from Friday is now confirmed. The day-to-day charts are now shifting to the bears. Keep an eye on the 50-day SMA... if the major ETFs close beneath it, the bulls will have lost their grip on the daily charts and the bears will have gained the technical advantage.

We also review GLD, TLT, SBUX, AMD, AAPL, WYNN, LVS, RCL, UAL, DIS and more.

Have a great day!

Ron

php_network_getaddresses: getaddrinfo failed: Name or service not known