Elliott Wave Plus
Daily Trend Report on the FANG+3 stocks for November 25, 2020
Scroll down to view today’s Trend Charts of the FANG+3 stocks (FB, AAPL, AMZN, NFLX, MSFT, GOOGL, & TSLA)
Elliott Wave Plus: The stock market was mixed today after yesterday’s big up-shoot. The Dow Jones Industrial Average closed down 173 points (0.58%), the S&P-500 was down 5 points (0.16%), the Nasdaq-100 (NDX) was up 72 points (0.60%), and the Russell 2000 was down 8 points (0.46%).
Within the FANG+3 group, six of the seven stocks were up on the day. Only AAPL and NFLX are currently inside red AMA “sell zone” boxes. As I surmised at the end of last week, stocks did “hold up” through the bullish holiday week. Next week will be important. Will the indices continue higher, or are they too exhausted to do so?
Here are today’s educational trend-following screenshots for the FANG+3 stocks:
(click on each screenshot to enlarge)
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