Aug 19, 2017

Why are the FANG Stocks so sideways?

Today we take a look at AAPL, the SPY and as a bonus we're also looking at the FANG stocks.

 

If you're looking at the charts right now you'll start to notice a theme develop. Espcecially in big tech stocks. 

We're basically going sideways and time correcting in many stocks and its no wonder. When you look at the Seasonality of the S&P 500 over the last 5 years you'll see that August has been the most bearish month of the year on average. 

This confirms to me how important it is to look at the data before you trade. This way you're not caught off guard holding calls during a downturn in the market. 

Trade Safe,

Micah