Daily Trend Report on the FANG+3 Stocks for November 13, 2020

Sid Norris

Elliott Wave Plus

Daily Trend Report on the FANG+3 stocks for November 13, 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 indices were up across the board today.  The Dow Jones Industrial Average was up 399 points (1.37%), the S&P-500 was up 48 points (1.36%), the Nasdaq-100 (NDX) was up 110 points (0.94%), and the Russell 2000 was up 35 points (2.08%).  Within the FANG+3 group, five of the seven stocks were up on the day.  AAPL, GOOGL and MSFT are on buy signals.  The rest are flat, awaiting the next signal.  GOOGL remains the only stock in the group to make new highs above its early Sept peak.  The other six continue to be mired in sideways patterns for now.  That sideways condition has been going on for over 10 weeks now.  The longer it lasts, the sooner it is likely to break.  Have a great weekend!  Here are today’s educational trend-following-system screenshots:

(click on each screenshot to enlarge)

Reminder

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Today’s Daily Trend Charts

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