Daily Trend Report on the FANG+3 Stocks for September 16, 2020

Sid Norris

Daily Trend Report on the FANG+3 stocks for September 16, 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 weaker than usual for a Fed day.  The Dow Jones Industrial Average closed up 36 points (0.13%) although it was up as much as 368 points mid-day, the S&P was down 15 points (0.46%), the NDX was down 191 points (1.67%), and the Russell 2000 was up 14 points (0.92%).  Within the FANG+3 group, all seven stocks were down today.  The daily trend is down now on four of the seven stocks: AMZN, GOOGL, MSFT & NFLX.   Today’s price action gave the appearance of a possible rotation out of large-cap tech stocks into small-caps, but one day hardly constitutes a trend.  Here are today’s educational trend-following-system screenshots:

(click on each screenshot to enlarge)

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Today’s Daily Trend Charts

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