Breaches Of Support Get More Serious; Amazon.com, Nutanix, Nucor In Focus
Major indexes make decisive drop below 50-day lines.
September 7, 202318m 52s
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Show Notes
The S&P 500 and Nasdaq saw more serious breaches of their 50-day moving averages, but they’re still holding above the Aug. 29 low of the follow-through day. Amazon.com is showing leadership among the FANG stocks as it bounced from its 50-day line, Nutanix is holding its earnings gap gains, and Nucor is tightening up after a long deep base.
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