(9/16/21) Markets bounced off the 50-DMA, looking to open weaker this morning. This is playing out as expected; algorithms are pretty much driving markets. The danger is what happens when markets violate that 50-DMA. Apple's product reveal was pretty much, 'meh.' But, the iPhone is holding steady on pricing of its new iPhone 13 at iPhone 12 levels. Netflix showing a bit of a correction, but not near its 50-DMA. FAANG stocks are still over all driving the markets. Microsoft continues to lead the charge; but can Microsoft support the market all by itself? Um...probably not. - Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Apple #Microsoft #Netflix #FAANG #BuyingOpportunity #Fed #Stocks #Trading #Rates #Money #Markets #Finance #S&P_5000 |
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