As stocks rallied following last week's election, Apple (APPL) , Amazon (AMZN) , Alphabet (GOOGL) and Facebook (FB) bucked the positive stock market momentum and now have negative weekly chart profiles.
Each ended last week below the key weekly moving averages, with weekly momentum readings declining below the overbought threshold of 80.00. Closes this week below $111.00 on Apple, $772.92 on Amazon, $792.05 on Alphabet, and $123.60 on Facebook will keep the weekly charts negative.
On Nov. 4, the weekly charts were flashing warnings that these four benchmark momentum stocks were losing their mojo. This makes it extremely important to focus on daily charts, using Fibonacci retracements and key trading levels from my proprietary analytics.
Here's today's momentum stock scorecard.