Daily Trend Report on the FANG+3 Stocks for November 16, 2020

Sid Norris

Elliott Wave Plus

Daily Trend Report on the FANG+3 stocks for November 16, 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 up across the board today. The Dow Jones Industrial Average closed up 470 points (1.6%), the S&P-500 up 41 points (1.16%), the Nasdaq-100 (NDX) was up 75 points (0.63%), and the Russell 2000 was up 41 points (2.37%). Within the FANG+3 group, five of the seven stocks were up on the day.

Moving forward, I’ve added some new indicators onto our daily trend-following template to make it easier to see how a stock is performing at a glace.  Here is the verbiage from the on-chart key:


Trend Following Chart Key (including AMA Buy & Sell Zones):

– Up Trend Signal = A Solid Green Triangle under a candle that closes above the blue line.

– Down Trend Signal = A Solid Red Triangle over a candle that closes below the blue line.

– Bullish Trend-Continuation Signal = Hollow Green Triangle.  Indicates potential bullish breakout.

– Bearish Trend Continuation Signal = Hollow Red Triangle. Indicates potential bullish breakout.

– Hollow Diamond – early warning sign of an imminent trend change. Green = bullish. Red = bearish.

– Small Arrows = All trend signals, including “weak” ones.  Green = up. Red = Down.

– Blue Line = Suggested Trailing Stop.  Also indicates trend direction. If the blue line is below price,

the trend is up.  If it is above price, the trend is down.

– Brown Box = The trend is overextended. Be on alert for a significant trend reversal.

– Gray Zone = trend is weak or absent.

– Green and Red Boxes = Perry Kaufman’s original AMA Indicator Buy & Sell Zones

– For Trend-Following + AMA Buy & Sell Zone screenshots on over twenty of the most traded items,

see our Trend Plan Nightly Screenshots.

– For back-tested and optimized auto-trading signals, stops & exits, see our Premium Plan Nightly Reports.


Here are today’s educational trend-following-system screenshots:

(click on each screenshot to enlarge)

Today’s Daily Trend Charts

About Elliott Wave Plus

Considering our Elliott Wave & Hurst Cycle analysis in conjunction with indicator-based market monitoring can help traders decide when to get in, get out, or stay on the sidelines.  Please check out our resources page for lots of educational content.

Subscriptions: We offer a number of subscription levels.  Our unique approach is well worth considering, especially if you’ve never experienced wave labeling and associated Fibonacci price targets, in conjunction with independent Hurst cycle analysis. Here’s more info about subscribing to any of our plans.

Be sure to subscribe at our YouTube channel.   Follow us on Twitter & Facebook.

(There is risk of loss in all trading.  See the full disclaimer at our site.)


“Just want to thank you creating a service that is exceptional. I trade for a living , and you are indispensable. Thanks in part to you, I had a remarkable summer of trading , booking more than $220,000 in profits since May. Keep up the great work and know that you are making a huge difference in people’s lives!”    J. F.   (August 2019)

Click here for many more testimonials spanning the last ten plus years.