The above chart show's the daily time frame of FXCM's FAANG Basket. We are using a system to assess trend. The short-term green > intermediate orange and the intermediate orange EMA> the slow red (blue ). We note that NFLX reported last week and that the rest of the FAANGs ( FB , AAPL , AMZN , GOOG ) will report this week. Following their respective releases we will assess the basket's EMAs and their angle and separation. If these develop, it will be regarded as , suggesting that a possible momentum push may be underway.
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