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FANG

Winter is here.Short squeeze boom is done, entire market is in red except for the 4 king ' FANG ' stock. 'Facebook', 'Amazon', 'Netflix', 'Google'. Low risk entry into shorting the S&P here, down into the lows of August/October. Regardless of what Yellen says on December, it does not matter. The FED do not have control of the market, people are just focusing on the past. No one is buying the dip here. Will be looking into buying PUTs/sell call spread for ' FANG ' into January - March 2016, with an expected fall of 20% from the current price. Nasdaq bearish divergence at lower T/F:
FX:SPX500Short
by LastBattle
3
Shorting EURCAD at important level and "Broken fang"The EURCAD has multiple times hit the important level of 1.463 (purple box) but has now finally broken through it. We look to short it when it retests this level as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should come back down to at least 1.447. Moving my stops to breakeven when price hits 2/3 of profit. We can also see that we are currently in a downtrend (Lower highs and lows indicated by the blue lines). Good luck everyone and as usual, hold your thumbs!
Short
by TheSupportResistanceTrader
ascending base complete, Flag pattern on FANGOn my May 23 post, I explained the build up of FANG's Ascending Base pattern (). Since then, it's completed, breaking out on June 3 and continuing to its target shown in light blue on the graph. FANG now appears to be forming a Flag pattern, which tends to continue the previous trend (up) after breaking out of the flag pattern. FANG has held pretty strong at $87.50 support during this consolidation time frame from June 17 to present, even with some extremely heavy down volume days. This consolidation has allowed RSI and MACD to reset a bit from its overbought conditions. I expect a few more days of consolidation, perhaps until the end of next week. At that point, I expect a breakout to the upside. If a breakout occurs, I'll open a larger long position. FANG is also generally influenced by the NASDAQ. If the NASDAQ falters, it could cause FANG to breakout from the Flag to the downside.
NASDAQ:FANGLong
by BillyStaples
1