$FANG Complex looking vulnerable
This is a monthly candle chart of the FANG complex. The last time the group had a monthly close below it's 10 Month moving average it traded back down towards its trend line. The stocks traded down for about 5 months and consolidated for another 8 months, when looking at them as a group. If you have a 401K, IRA, and 529 plans consider how much exposure you have to this mix. The complex could fall quite a bit and not break the long term up trend. Considering the month isn't over quite yet this chart is premature. I figured it was an interesting look none the less.
Thoughts, feelings, ideas?
Here's the link to the watch list:
tradingview.com/watchlists/62522214/
Thoughts, feelings, ideas?
Here's the link to the watch list:
tradingview.com/watchlists/62522214/
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