Daily Trend Report on the FANG+3 Stocks for November 9, 2020

Sid Norris

Elliott Wave Plus

Daily Trend Report on the FANG+3 stocks for November 9, 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 severely mixed today.  The Dow Jones Industrial Average closed up 834 points (2.95%), the S&P-500 was up 41 points (1.17%), the Nasdaq-100 (NDX) was down 260 points (2.16%), and the Russell 2000 was up 60 points (3.7%).  Early in the session, the Dow was actually up over 1600 points, so the blue chips lost a lot of steam into the close.  Within the FANG+3 group, only one of the seven stocks was up on the day.  The daily trend is up on four of the seven stocks, and five of seven are on buy signals.  GOOGL remains the only stock in the group to make a new all-time high in recent weeks.  Here are today’s educational trend-following-system screenshots, including on-chart commentary:

(click on each screenshot to enlarge)

Today’s Daily Trend Charts

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