Star-Studded FAANGs

I last wrote about the FAANGs and FNGU and what I was monitoring in my post of November 2018.

2018 was the year we saw the FAANGs form bearish shooting starsEach candle on the following charts of FBAMZNAAPLNFLX and GOOG represents a period of one year (absent on these charts is 2019's candle, as I've left it off to illustrate last year's weakness and volatility compared with prior years in these stocks).

You can see, at a glance, that FB is the weakest of the five, as it has erased almost all of its 2017 gains, as well as its gains last year.

Click on images to enlarge:


Each candle on the following chart of FNGU represents a period of one quarter. Also, absent on this chart is 2019's Q1 candle.

FNGU is an exchange-traded note that tracks 3x the daily price movements of an index of US-listed technology and consumer discretionary companies...the index is highly concentrated and equally weighted. It is comprised of the 5 FAANG stocks + 5 tech stocks, namely, BABABIDUNVDATSLA and TWTR.

As of the end of last year, it had erased all of its gains since it began trading in January 2018, and more.
 


Each candle on the following charts of BABABIDUNVDATSLA and TWTR represents a period of one year. Also absent on these charts is 2019's candle.

None of these stocks had a good year in 2018, either. In fact, BIDU has lost all of its gains made since 2014 and has taken a bite out of gains made in 2013, and TWTR closed out the year still lower than its IPO price in 2013.
 


Each candle on the following charts of the FAANGs represents a period of one quarter. Also, absent on this chart is 2019's Q1 candle.

We've seen the FAANGs lead the equity markets higher prior to Q4 of 2018 (and Q3 in the case of FB and NFLX), then lead them lower during Q4.
 

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