StockFetcher Forums · Stock Picks and Trading · Technical Warning signs before NASDAQ/FANG sell-off on 9th June 2017<< 1 ... 3 4 5 6 7 >>Post Follow-up
karennma
8,057 posts
msg #136358
Ignore karennma
6/14/2017 10:16:04 AM

Oh! Thanks for the chart!
:>)


johnpaulca
12,036 posts
msg #136359
Ignore johnpaulca
6/14/2017 10:19:10 AM

intraday trading:
We're now on the 2nd bar on 30-min chart this should tell you who's controlling that stock.
FANG: below $91.48 sellers are in control
AMZN: above $958.36 buyers are in control
SPY: 244.60 above bulls, below bears

note: price levels are approximations


karennma
8,057 posts
msg #136360
Ignore karennma
modified
6/14/2017 10:25:47 AM

JP,
Please read my previous message.**
I'm not sure anyone here is trading FANG (unless you are).
I believe we were all referring to (the group) FANG(s) -- not the stock.

Edit:
** Bottom of tab #4 in this thread
My apologies again for the misunderstanding.
F-A-N-G- ...
FB
AMZN, AAPL
NFLX
GOOGL

johnpaulca
12,036 posts
msg #136361
Ignore johnpaulca
6/14/2017 10:30:57 AM

Wasn't aware of the the acronym since I don't creep out forums. Yes I have traded FANG in the past but the volume can be sucky for day traders.

pthomas215
1,251 posts
msg #136362
Ignore pthomas215
6/14/2017 10:35:35 AM

Caffeinated Karen, I dont think anyone thought NVDA was going lower. I think resistance was 95 at the time. it busted above that.

karennma
8,057 posts
msg #136367
Ignore karennma
6/14/2017 10:53:50 AM

pthomas215 -
I don't mean people here.
In fact, the entire 3 months I held NVDA, I avoided talking about it because it wasn't going up -- and worse, I'd bought it accidentally. Even the recent "windfall" was an accident.
I just didn't want to take a loss. It stayed below my buy price ($110) a long time.

.

pthomas215
1,251 posts
msg #136368
Ignore pthomas215
6/14/2017 10:59:49 AM

CK, no worries. you did well ! you are to be congratulated. Now, that said, I still think in the near term shorting the Nasdaq and XLF are decent plays.

karennma
8,057 posts
msg #136369
Ignore karennma
6/14/2017 11:03:18 AM

johnpaulca
10,683 posts
msg #136361
- Ignore johnpaulca 6/14/2017 10:30:57 AM
Wasn't aware of the the acronym since I don't creep out forums. Yes I have traded FANG in the past but the volume can be sucky for day traders.
===============

Actually, FANG is a pretty well-known acronym.
As per Investopedia:
BREAKING DOWN 'FANG Stocks'

FANG represents the most popular and best performing tech stocks in the market which have generated spectacular returns for their investors. The four stocks – Facebook, Amazon, Netflix, and Alphabet

Read more: FANG Stocks (FB, AMZN) | Investopedia http://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp#ixzz4jzN7bjFa
Follow us: Investopedia on Facebook

If you google trading Fangs, you will find references by Benzinga, Mark Cuban, Fool.com, Investors.com, thestreet.com, FT.com (Financial Times), Forbes.com, Futuresmag.com, cnbc.com, -- given that it's on "CNBC, I figured every joe schmuck knew what FANGs were.

I read a lot -- not necessarily "creepy forums".





lonehand
9 posts
msg #136370
Ignore lonehand
6/14/2017 11:37:56 AM


Yep the real fang is a choppy mess. LOL. I think it is great that JP has insulated himself from all the BS. I try to not follow that business news stupidity, but obviously I can take it to a new level.

Mactheriverrat
3,132 posts
msg #136374
Ignore Mactheriverrat
modified
6/14/2017 11:28:58 PM

I'll be watching that AMZN I won't be giving up a lot of profit I can say that! Could be that rate hike that left a bad taste. Stupid fed and Government that can't even get the anything right they touch.

StockFetcher Forums · Stock Picks and Trading · Technical Warning signs before NASDAQ/FANG sell-off on 9th June 2017<< 1 ... 3 4 5 6 7 >>Post Follow-up

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