Daily Trend Report on the FANG+3 stocks for September 10, 2020
Scroll down to view today’s Trend Charts of the FANG+3 stocks (FB, AAPL, AMZN, NFLX, MSFT, GOOGL, & TSLA)
The stock markets essentially gave up all of yesterday’s gains today. The Dow Jones Industrial Average was down 405 points (1.45%), the S&P was down 59 points (1.76%), the NDX was down 241 points (2.12%), and the Russell 2000 was down 218 points (1.23%) today. Within the FANG+3 group, only TSLA was up slightly. Interestingly, TSLA is the weakest stock in the group, having dropped over 34% from its Sept 1 high through the close on Sept 8. That was a span of only four trading days. The rest of the FANG+3 stocks were down substantially today. While the trend is still officially up on all stocks in the group, every one of them has gotten hammered substantially since September 2. The majority are down 12 to 15% from their all-time highs. Here are today’s educational trend-following system screenshots:
(click on each screenshot to enlarge)
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