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11/04/2018 |

Market Update Into 11/5: FANG Updates

A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we take a look at FANG stocks after the hard correction this October. To get a full week-by-week analysis of the broad markets in October, check out our Halloween $SPY recap here!

Facebook ($FB): Daily vs. Weekly

$FB daily and weekly charts.

Video Analysis


Amazon ($AMZN): Daily vs. Weekly

$AMZN daily and weekly charts.

Video Analysis


Netflix ($NFLX): Daily vs. Weekly

$NFLX daily and weekly charts.

Video Analysis


Google ($GOOG): Daily vs. Weekly

$GOOG daily and weekly charts.

Video Analysis


Before and After: $SPY

In this weekend’s “Before and After”, we take a look at how the TrendSpider alert system and multi-timeframe analysis were utilized last week on the $SPY chart. Click here to read more about how to get dynamic alerts set up on both indicators and trendlines.

Before:

$SPY "before" chart showing how the TrendSpider alert system and multi-timeframe analysis were utilized last week.

  1. An alert was set up above the price action which was the previous level of support now acting as resistance above. This trendline coincided almost perfectly with the 50-week EMA shown by the yellow dotted line.
  2. The daily RIS was crossing through the weekly RSI showing momentum was starting to gain.
  3. The %R also showed the daily crossing through the weekly which confirmed that momentum was gaining strength to the upside.
  4. The MACD started curling to the upside for a second time after a failed attempt the previous bounce.

After

$SPY "after" chart showing how the TrendSpider alert system and multi-timeframe analysis were utilized last week.

  1. The price bounced off the 50-week EMA and the trendline resistance perfectly.
  2. The daily RSI continued to move through the weekly RSI showing momentum continuing up.
  3. The daily %R continued to move up through the weekly and past the previous high on the dead cat bounce in mid-October
  4. The MACD continued to get closer and closer to crossing to the upside with the fast (blue) nearing the slow (yellow).

TrendSpider Text Alert Triggered:

TrendSpider text alert for $SPY.


Timestamps Captured This Week:

$TRXC

$TRXC chart timestamp.

$AKER

$AKER chart timestamp.

$QQQ

$QQQ chart timestamp.