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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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Beach

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UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
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IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains
with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Wednesday, March 28, 2018

Further Volatility Ahead for FAANGs

Amazon plunged today after media rumours surfaced about President Trump's intentions towards its taxation, as shown on the following daily chart of AMZN.

A hold below near-term resistance of a 50% Fibonacci retracement level at 1441.74 could see a retest of 1400.25 (60% Fib retracement), or lower. The dramatic plunge on the momentum indicator signals further volatility and wild price swings ahead for this stock.


The following daily charts of the FAANGs shows that, during the past one-year period, FB has dropped the most, followed by GOOGL (further details on FB and their data-mining activities/woes can be found here). 

All five stocks have experienced huge price swings and are currently well off their highs on accelerating (to the downside) rate-of-change (ROC). The ROC decline to a new one-year low on AMZN is notable after today's price plunge. If GOOGL and AAPL's ROC indicator make a new swing low on further price decline, all five stocks may drop further. NFLX's ROC has already made a new swing low.

Either way, all of these stocks are in for further wild price swings.


Bloomberg.com

FoxBusiness.com

CNBC.com

Investing.com Weekly Comic (March 29)

President's Tweet March 29