Google Fills Gap and Shows Relative Weakness

Stocks moved higher this week, but Google (GOOG)  did not partake and fell rather sharply. Notice that the stock broke the November trend line and filled the 2-Jan gap. Yes, GOOG is below its 2-Jan open . The price relative (GOOG:SPY ratio) turned down and broke support this week. GOOG shows relative weakness as we head into earnings next week.

130118goog


Click this image for a live chart

 Previous Article Next Article