Two of the stock market’s major leaders, Apple (AAPL) and Tesla (TSLA) are close to flashing major technical SELL signals, when their 50 day Moving Average crosses below the 200 day moving average. The so-called “death cross.”
Of course, like all technical indicators, the “death cross” and it’s opposite technical indicator, the “golden cross” are sometimes subject to false signals. So, take these signals with a great deal of skepticism.
However, since these technical indicators are based on pretty slow moving price movements, and these are two of the major stocks that have powered the multi year bull market, this could serve as early warning signs ( canary in the coal mine) that the bull market of the last 12 years may have reached a significant turning point. Be alert.