Elliott Wave Plus – Daily Trend Report on the FANG+3 Stocks for November 24, 2020

Sid Norris

Elliott Wave Plus

Daily Trend Report on the FANG+3 stocks for November 24, 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:  Bullish seasonality associated with Thanksgiving week was on full display today:   The Dow Jones Industrial Average closed up 454 points (1.54%), the S&P-500 was up  57 points (1.62%), the Nasdaq-100 (NDX) was up 173 points (1.46%), and the Russell 2000 was up 35 points (+1.94%).

Within the FANG+3 group, all seven stocks were up on the day.  Only three of the seven stocks are now inside red AMA “sell zone” boxes.  That number was five yesterday.  Happy Thanksgiving week!  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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