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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.13
(
-0.32%
)
Bitcoin
61,366.10
(
-0.13%
)
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la_trader

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la_trader

Re: USNCS7 post# 4023

Friday, 07/27/2018 3:07:38 AM

Friday, July 27, 2018 3:07:38 AM

Post# of 8715
All the FAANGs need a haircut, IMO. Main reason is, 20x-25x (or more) valuations are not sustainable beyond a few quarters, especially when artificially pumped along by high volume etf software trading algos.

FB should have hit the 200 day months ago- check your charts. etf algos pumped it up from that last chart breakdown, with retail buying on their coat tails.

big boards are arguably more crooked now than OTC with etf algos mainly running the show on any given trading day.

look for 50 day and potentially 200 day on everything faang.

tesla too.

Want to see what I'm working on? click my profile link and go to the recent posts tab. good luck and good trading all-

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