This chart says a lot about the last 12 months and will hopefully help guide into the next 12!
The FDN (First Trust Dow Jones Internet Index Fund) which essentially covers the U.S. Internet Stocks, is now comfortably trading above the MA50 on the 1D chart on strong bullish candle action (RSI = 69.026, MACD = 2.230, Highs/Lows = 3.3271). Through this price action a strong buy signal has emerged and has to do with the similarities of the mid 2018 - 2019 price...
$FDN - FANG stocks ETF looking oversold on the daily, catching support around $134. Expecting a bounce in the near/medium term. Targeting $145-150 area by mid November. Note: Informational analysis, not investment advice.
FDN: First Trust Dow Jones Internet Index Fund - in 4th and likely final phase of the rally which began in early 2016. It can go on another 2% from here but then should hit problems. Use this index fund as confirmation next week - looking across the FAANGS for signs of completion. This looks like the final vertical ascent. Don't get sucked in now. Rather, get...
It's time to short internet companies - Trump era is coming.