Top Stories

This chart signal says stop buying megacap technology stocks


The recent pullbacks in megacapitalization technology stocks have now gone far enough and lasted long enough that they have triggered chart signals warning investors that at the very least, don’t buy these stocks on the dip.

The chart signals are being flashed by the widely followed 50-day simple moving average, which many on Wall Street use as a guide to the short- to intermediate-term trend. The most forceful of the warnings apply to three of the four biggest companies by market capitalization, which have helped drive the rally in the broader stock market since the March lows: Microsoft Corp.
, Inc.



Forex News
Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

    It’s ‘outrageous’ Americans can’t get coronavirus test results in 24 hours

    Previous article

    Stock futures are flat as Wall Street tries to recover from 3-week losing streak

    Next article


    Leave a reply

    Your email address will not be published. Required fields are marked *