Daily Trend Report on the FANG+3 Stocks for November 19, 2020

Sid Norris

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)

Today’s Summary

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)

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.)

Testimonials:

“Wow… that was excellent… by far the best webinar/presentation on the financial markets I have ever seen!  The grasp you have on all of the markets and financial news is remarkable.  Thank you very much for your work.  Regards,  A.L.”

“Your truncated 5th call was fabulous!  Holy Smokes Batman . . I’m in your fan club.  B.J.”

“Hi Sid,  Great job – another cracking week. Locked in a further $2,000 profit. EUR/USD and GBP/USD.  Keep up the great job.  Many thanks.  B.H.”

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