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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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January 27, 2022

FANG Finally Collapsing

Thursday Jan 27, 2022

We have noted the percentage of NASD stock above their 50 day MA has been falling for some time. Now that Percentage is  mere 11%.

We wondered how long the big NASD FANG stocks could hold out, the answer is no longer.

Screen Shot 2022-01-27 at 4.10.05 AM

To top RSI has fallen vbelow  40%. the FANG index in the middle has fallen out of its upward tred. At bottom the percent indicator is at a mere 11%.

Out point is that breadth has been falling since last February while the handfu of FANG stocks continued higher. Now FANG plays catch up to the downside

Posted at 05:14 AM in Stock Market |

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