Daily Trend Report on the FANG+3 Stocks for September 10, 2020

Sid Norris

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)

Today’s Summary

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)

Reminder

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).

Alternatively, our combined Elliott Wave, Fibonacci, and cycles-based forward roadmaps may be more interesting to you at this time.  Please click here for information about our different levels of service.

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. Look for an announcement soon regarding our new regular podcasts.

Follow us on Twitter & Facebook.

(There is risk of loss in all trading.  See the full disclaimer at our site.)

Testimonials:

“I’ve been trading these markets (and subscribing to professional services) for more than forty years and find your work and resulting forecasts, targets, objectives, etc. to be free of personal bias, and remarkably accurate.  That is why I continue to subscribe.  Well done.”  – W.M.

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

Subscribe To Our Newsletter

(Free FANG+3 Daily Trend Charts)

 

Register to automatically receive email notifications of our latest blog posts,

as well as daily trend-following charts on seven popular stocks (FANG+3).

 

 

You have Successfully Subscribed!