GMI-2 falls to 4 (of 8) $AAPL, $AMZN, $GOOGL no longer yellowband

GMI6/6
GMI-24/8
T210863%

There are a few signs of weakening in the market. One half of the 8 very sensitive com[ponents in the GMI-2 are negative. And leading stocks like AAPL, AMZN and GOOGL have lost their yellowband up-trend patterns. Will the leaders lead the market down? See in this weekly chart that AAPL  is now below its 10 week average (dotted line) and this week’s low (dot) was well below this average.

 

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