3 Mega-cap stocks breaking down.

Right now the market could go a variety of ways and is currently in a dangerous place, if there is volatile market sell off, mining stocks will likely be hit. Be careful in this environment.

Apple $AAPL

Note - Apple is starting to roll over, last week it had its first weekly close below the 30 week EMA since March/2020. If apple falls this will have severe consequences for the entire market. One to watch this week, lets see if it can reclaim the 30 week EMA.

Microsoft $MSFT

Note - Microsoft is in confirmed stage 4, I see alot of downside here. Its been choppy on its way down but could accelerate at some point which is often the case later in stage 4. 30 week EMA is rolling over. Not much to like here.

Tesla $TSLA

Note- Tesla is getting a bit of a reality cheque here, it is in confirmed stage 4 now. There has been alot of choppiness in these stocks as they have rolled over the indices have as well, as they have such a big input. If fear really sets in, its possible we could see a market crash. I am not saying that it will happen but its possible at this point, with what I am seeing on the charts. It will taking a significant move to get us back into a bull market now. Its a time to use caution and not be overly aggressive. I am doing more monitoring than trading right now.