Warning: the FANGs Are Breaking Down
The FANGs are beginning to break down.
FANG is an acronym that stands for Facebook, Amazon, Netflix, Google.
These are four of the top performing stocks of 2015. Netflix was the top stock for the S&P 500 returning 134% in 2015. Amazon was #2, returning 118%. Google returned 44% and Facebook returned 34%.
In very simple terms, these are the big market leaders. And now all of them are beginning to break down.
Facebook (FB) is testing critical support. Below this the long-term bull market trendline at sub-100.

Amazon (AMZN) has just taken out support. We’re likely to test to the bull market trendline running back to early 2015.

Netflix (NFLX) has broken its bull market trendline and is coming up against key support.

And finally Google (GOOG) is testing key support. Below this is nothing until 700.

All four of these are sporting ugly charts. Keep an eye on them as former market leaders (and hedge fund darlings) they have critical importance for gauging the general market’s momentum.
Speaking of which, I’ll leave you with this long-term chart of the S&P 500.

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Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
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Sorry, not seeing it. The FANGS still appear to be under control. A breakdown happens when control is lost.
FANGs of The Great Red Dragon.
Like a giant python, first it slimes its victim (with money), then it devours its victim.
These bastions of the modern economy.
Rockefeller, Carnegie and Ford are spinning in their graves.
Can't feed you, house you, transport you, or keep you warm. What a joke.
Nah. Can't be. Some CEO just has to say "We're Worldwide" and the stock pops 10%. Still a momo bubble.
2% off the ath. omg oh noes oh noes
GE is still the better indicator for the overall S&P. Doing just fine. You want to play games--guess when GE tanks. That is the real signal.
It's all bullshit.
thanks for the look, bought them all pre market, now off to do some ice fishing
As they always say on CNBS, Well, they are well off of their lows!
OMG! Please! Not FANG!
LOL
Google is the only one really making money, but they rely on advertisers who are really starting to cut their budgets. Tech of any kind is going to eat a shit sandwich this year.....
Yes, Google makes money, but what good does it do the stock holders? Cash dividends are so old fashioned.
.
I always enjoy how people draw their lines on charts. The take away here is: Charts work when they work, they don't when they don't.
Fangs for the memories!