Selloff Continues: Nike Hits 11-Day Losing Streak, Tesla Breaks 200DMA

Markets are showing signs of growing weakness as several high-profile stocks break key technical levels and major indices extend their losing streaks.

At the same time, pockets of volatility compression suggest that some names may be setting up for sharp moves ahead.

1. $Nike(NKE)$

Nike $NKE just did it 🚨 An 11th straight red day, its longest losing streak since August 2023 📉📉📉

2. $Tesla Motors(TSLA)$

Tesla $TSLA closes below its 200-day moving average for the first time since September 📉📉

The Entire Group of Mag 7 stocks is now in the red this year, with each individual name underperforming the S&P 500 $S&P 500(.SPX)$ 👀 Microsoft $Microsoft(MSFT)$ and Tesla $TSLA the biggest laggards 📉📉

3. $SPDR S&P 500 ETF Trust(SPY)$

S&P 500 $SPY on track for its 3rd straight red week, its longest losing streak in 12 months 📉🚨

4. $Voyager Technologies, Inc.(VOYG)$

$VOYG might be getting ready for an explosive move! Voyager's Bollinger Bands have hit their tightest level in history 🚨🚨 For magnified bullish exposure, consider the Tradr 2X Long VOYG Daily ETF $Tradr 2X Long VOYG Daily ETF(VOYX)$

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