Due to Apple heavy weighting, this is a drag on the Nasdaq as the 10 MA went below the 40 which is a sign of bearishness. However it is not matching up with the SP500. Therefore keep a close eye, but I suspect a bullish trend to return. Reasonable valuations, cheap oil, easy monetary policy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.