Markets showed more volatility this week as the $SPY closed below the 50 day moving average for the first time in 2012. There are quite a few mixed messages being sent from various timeframes and hopefully some earnings reports (which begin to be released at a greater clip next week) will provide us with more clarity. Until then, be sure to be aware of when earnings are due for the stocks you are trading, there are always unexpected landmines during earnings season.
The video below takes a look at the trends and key levels in $SPY $QQQ $AAPL $IWM $XLF $SMH
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