Elliott Wave Plus
Daily Trend Report on the FANG+3 stocks for October 2, 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 generally weak today, with the exception of the small caps. The Dow Jones Industrial Average was down 134 points (0.48%), the S&P was down 32 points (0.96%), the NDX was down 327 points (2.83%), and the Russell 2000 was up 8 points (0.53%). Within the FANG+3 group, all seven stocks were down. Four of the seven exhibited new sell signals today, an ominous sign to end the week. Here are today’s educational trend-following-system screenshots:
(click on each screenshot to enlarge)
Would you like to see our daily Trend Reports on more items? Try our $25 per month Daily Trend-Reports Plan. Each daily edition includes 20 screenshots of our Daily Trend Charts including trend-change/continuation signals & on-chart commentary. Daily coverage includes the following items:
Dow Jones Industrial Average, S&P-500, Nasdaq 100, Russell 2000, XLE (large-cap oil ETF), KBE (banking sector ETF), GDX (gold miners ETF), German DAX, FTSE (UK 100), EEM (emerging markets ETF), TLT (bonds ETF), Crude Oil (CL), Copper (HG), Gold (GC), Silver (SI), US Dollar Index (DX), EUR/USD, AUD/USD, USD/CAD, Bitcoin (BTC/USD).
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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.
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