After Tech Selloff, This One Chart Deserves Your Attention

Monday's market action certainly got a lot of investors' attention. But what may be most important was what happened on the Nasdaq 100 (NDX).

Cautionary action seen on the NDX (see chart below) warrants discussion. Four of the "FANG" stocks saw weakness on volume that, given their market weighting, pulled the NDX below its 50-day moving average and all the way down to its intermediate-term uptrend line. The weakness occurred on fairly heavy volume. Any further weakness there could, in our opinion, turn that picture more negative....301 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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