Daily Trend Report on the FANG+3 Stocks for November 12, 2020

Sid Norris

Elliott Wave Plus

Daily Trend Report on the FANG+3 stocks for November 12, 2020

Scroll down to view today’s Trend Charts of the FANG+3 stocks (FB, AAPL, AMZN, NFLX, MSFT, GOOGL, & TSLA)

Today’s Summary

The stock market was down across the board today. The Dow Jones Industrial Average closed down 317 points (1.08%), the S&P-500 was down 35 points (1.00%), the Nasdaq-100 (NDX) was down 65 points (0.55%), and the Russell 2000 was down 28 points (1.64%). Within the FANG+3 group, all seven stocks were down on the day.  With the lone exception of GOOGL, the entire group continues to be stuck in a sideways market that started back in early September.  Here are today’s educational trend-following-system screenshots:

(click on each screenshot to enlarge)

Today’s Daily Trend Charts

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