The FANGs are beginning to break down.
FANG is an acronym that stands for Facebook, Amazon, Netflix, Google.
These are four of the top performing stocks of 2015. Netflix was the top stock for the S&P 500 returning 134% in 2015. Amazon was #2, returning 118%. Google returned 44% and Facebook returned 34%.
In very simple terms, these are the big market leaders. And now all of them are beginning to break down.
Facebook (FB) is testing critical support. Below this the long-term bull market trendline at sub-100.
Amazon (AMZN) has just taken out support. We’re likely to test to the bull market trendline running back to early 2015.
These are four of the top performing stocks of 2015. Netflix was the top stock for the S&P 500 returning 134% in 2015. Amazon was #2, returning 118%. Google returned 44% and Facebook returned 34%.
In very simple terms, these are the big market leaders. And now all of them are beginning to break down.
Facebook (FB) is testing critical support. Below this the long-term bull market trendline at sub-100.
Amazon (AMZN) has just taken out support. We’re likely to test to the bull market trendline running back to early 2015.
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