Sunday Update for Week of November 5th – 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


Video Analysis

Amazon (AMZN): Daily vs. Weekly

Video Analysis

Netflix (NFLX): Daily vs. Weekly 

Video Analysis

Google (GOOG): Daily vs. Weekly

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:

  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: 

  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:


Timestamps Captured This Week:

TRXC

AKER

QQQ

 


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REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.