On the flipside, FANG stocks looking vulnerable. FB is close to touching the 50 ma, and I think might go below it. Won't that cause a commotion on Fast Money? AMZN has lost the 50 ma, and I believe is in trouble ever since it reported that surprise miss on last ER. GOOGL also cannot break through 50 ma, and I believe that EU fine is a serious issue -- not in monetary terms obviously, but in how this will define how Google allocates resources in its business. IMO they could spend so much time fixing their search business, that they lose the time for expanding other new businesses. NFLX is alright, but if the rest of FANG goes down then the big boyz could easily push this down and everyone will talk about overvaluation etc.
Well the market once again is shrugging off North Korea AAPL down 5% for the week, seems like the iPhone 8 sales are off to a relatively slow start
Wrong thread fellas https://www.stockaholics.net/threads/stock-market-today-september-25th-29th.4884/
