Elliott Wave Plus – Daily Trend Report on the FANG+3 Stocks for December 3, 2020

Sid Norris

Elliott Wave Plus

Daily Trend Report on the FANG+3 stocks for December 3, 2020

Scroll down to view today’s Trend Charts of the FANG+3 stocks (FB, AAPL, AMZN, NFLX, MSFT, GOOGL, & TSLA)

Today’s Summary

Elliott Wave Plus:  Today’s stock market headline is that the Nasdaq made a new all-time closing high today.  However, six of the seven FANG+3 stocks were down on the day.  The Dow Jones Industrial Average closed up 85 points (0.29%), the S&P-500 was down 2 points (0.06%), the Nasdaq-100 (NDX) was up 10 points (0.09%), and the Russell 2000 was up 10 points (0.58%).

Within the FANG+3 group of seven stocks, only TSLA closed up on the day.

The ending contracting diagonal pattern count in the S&P that I mentioned two days ago is still in tact, despite a couple of additional slight new intraday highs since then.  Sorry about no nightly FANG+3 edition yesterday.  Was in the process of switching data providers and rebuilding all historical data on the hard drive.  Here are today’s educational trend-following screenshots for the FANG+3 stocks:

(click on each screenshot to enlarge)

Elliott Wave Plus – Today’s Daily Trend Charts

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