Trannies and Russell Break 50-day SMA

The recent weakness in the Transports and the Russell were confirmed by today’s sell-off in the S&P500.  Let’s see if they can reclaim 50-day and if all the buyers waiting for the sell-off step in here.  Note also the weakness in the big momentum stocks such as Netflix and LinkedIn.  The level we’re watching in the S&P500 is 1538

Apr3_DowTransportsApr3_Russell Apr3_SPX

(click here if charts are not observable)

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One Response to Trannies and Russell Break 50-day SMA

  1. Pingback: Trannies and Russell Break 50-day SMA | Fifth Estate

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