Daily Trend Report on the FANG+3 Stocks for October 20, 2020

Sid Norris

Elliott Wave Plus

Daily Trend Report on the FANG+3 stocks for October 20, 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 pretty big early today, but closed poorly.  The Dow Jones Industrial Average closed up 113 points (0.4%), the S&P-500 was up 16 points (0.47%), the Nasdaq-100 (NDX) was up 43 points (0.37%), and the Russell 2000 was up 4 points (0.25%).  Within the FANG+3 group, five of the seven stocks were up on the day.  The daily trend is still up on all seven, but six of the seven are now on sell signals.  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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