Elliott Wave Plus
Daily Trend Report on the FANG+3 stocks for November 19, 2020
Scroll down to view today’s Trend Charts of the FANG+3 stocks (FB, AAPL, AMZN, NFLX, MSFT, GOOGL, & TSLA)
The stock market was up today. The Dow Jones Industrial Average closed up 45 points (0.15%), the S&P-500 was up 14 points (0.39%), the Nasdaq-100 (NDX) was up 90 points (0.73%), and the Russell 2000 was up 14 points (0.84%).
Within the FANG+3 group, all seven stocks were up on the day. Four of the stocks are still on buy signals (AAPL, GOOGL, MSFT, & TSLA), but six of the seven stocks in the group have moved down enough since Monday Nov 9 that the Adaptive Moving Average (set to 10,2 & 30) is flirting with changing slope to downside. If that happens in the next couple of days, the current green buy-zone boxes on AAPL, FB, GOOGL and MSFT will give way new pink sell-zone boxes.
Here are today’s trend-following-system screenshots on the FANG+3 stocks:
(click on each screenshot to enlarge)
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