Daily Trend Report on the FANG+3 stocks for September 14, 2020
Scroll down to view today’s Trend Charts of the FANG+3 stocks (FB, AAPL, AMZN, NFLX, MSFT, GOOGL, & TSLA)
The Dow Jones Industrial Average was up 327 points (1.18%), the S&P was up 42 points (1.27%), the NDX was up 190 points (1.72%), and the Russell 2000 was up 39 points (1.65%). Within the FANG+3 group, AMZN, FB, GOOGL & NFLX were all down, and AAPL, MSFT & TSLA were. The daily trend on NFLX turned back to the downside, and now MSFT and NFLX are both officially in daily downtrends. The trend on the rest is still up, although it looks like the trend could easily change to down on both AMZN and GOOGL as early as tomorrow. An attempted “rotation” out of large-cap tech into something else . . anything else (stock-wise) appears to be underway. We’ll see how long it lasts. Here are today’s educational trend-following system screenshots:
(click on each screenshot to enlarge)
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