Daily Trend Report on the FANG+3 stocks for September 23, 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 down 525 points (1.92%), the S&P was down 78 points (2.37%), the NDX was down 353 points (3.16%), and the Russell 2000 was down 45 points (3.04%). Within the FANG+3 group, all seven stocks were down. As a matter of fact, only TSLA has seen a buy signal of any kind since the sell signals seen in all seven stocks on either Sept 2 or 3. All seven stocks are currently on sell signals. This September correction in the FANG+3 stocks has been just as strong to the downside as the final move to the upside was going into the early Sept top(s). The daily trend is still down in six of the seven stocks in the group. Here are today’s educational trend-following-system screenshots:
(click on each screenshot to enlarge)
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