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Yogigolf
Sep 6, 2020 8:30 PM

FAAMG market cap weighted index Long

AAPL*40+MSFT*17.9+AMZN+GOOGL*1.42+META*5.75NASDAQ

Description

This is the market cap weighting index of AAPL, MSFT, AMZN, GOOGL and FB which current account for 23.5% of the S&P 500 and 47.4% of the Nasdaq 100.
Comments
solidBus76050
lol, I took another weights: FB*4.5+AAPL*28+AMZN*0.8+MSFT*12+GOOG*1.1
max diff is 2.5%
Tigrisp
Great chart, I am using it on a daily bases. Thank you for the great work. Is there anything new that we need to update?
Yogigolf
@Tigrisp, no important updates. Things remain bullish as long as price remains above the channel that was tested late September.
Tigrisp
@Yogigolf, great thank you! keep up the good work :)
This chart is very powerful, hope you can always give us an update on FAAMG cause they are driving the market.
thebrewer35
Are you still holding from dip today?
Yogigolf
@thebrewer35, Yes, I still have 2022 options positions I've been holding since late March.
thebrewer35
@Yogigolf, AMAZING! Unfortunately I started to learn market trends only since June. I unfortunately got scared and sold my AAPL at $260, AMZN at $2400, TSLA at $1580 and MSFT at $195. A lot of mistakes. I am glad to see you are holding. I see one more ATH before the crash. Cheers to you and your gains! Don't forget to take profits before the real correction in November.
Yogigolf
@thebrewer35 I still am seeing a strong uptrend for a good year or so. Currently just waiting for consolidation to continue playing out for up to another month or so.
thebrewer35
@Yogigolf, That's exactly what I am seeing too. A bit of chop for the next month, then up right before the election.
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