Daily Trend Report on the FANG+3 stocks for September 9, 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 439 points today, the S&P was up 67 points, the NDX was up 327 points !! (in perfect keeping with my bonus Elliott Wave chart of the NQ contract shown here yesterday), and the Russell 2000 was up 21 points. Within the FANG+3 group, only NFLX was down today. Remember . . trend-following works well IF the item you are trading is actually trending. There are times (like during sideways consolidations or long-lasting topping structures) when other methodologies are preferred. Here are today’s educational trend-following-system screenshots:
(click on each screenshot to enlarge)
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