Back to Red

Not shocking... we were worried about this... Today's selling pressure has accelerated. Keep an eye on the FNGD. If it breaks its 20-day moving average, we have a problem

From Green for an hour… to yellow… and back to Red.

We only have four stocks in positive breakout conditions…

And we have six in breakdown conditions. Expand out and look at recent moves, and you can see that NVIDIA (NVDA) is still under pressure.

The FNGD is 2.5% under its 20-day moving average…

And the FNGA is now under its 20-day moving average.

Markets are looking for direction… but there are still lots of problems.

Again… high caution.

Stay positive,

Garrett Baldwin