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
7,591 posts
msg #136358
Ignore karennma
6/14/2017 10:16:04 AM

Oh! Thanks for the chart!
:>)


johnpaulca
12,034 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
7,591 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
12,034 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
7,591 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
7,591 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
2,260 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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