FANG Stocks are getting Clobbered Trend Following
These the proverbial leaders called Fang. If the leaders fail from a trend following standpoint. Big warning sign. They are struggling ( except NFLX amazing move in the midst of a selloff)…We are below major moving averages….Being long in this environment could be dangerous to ones financial health.
We did not mention this with long term MACD….however so many times we have seen V bounces. This time feels a little different…Have a trading plan…