FAANG Update | The Breakdown Continues - Investing Shortcuts

FAANG Update | The Breakdown Continues

By December 19, 2018Stocks


Chart Of The Week: FAANG Update

The strong downtrend continues across almost every major index, and tech stocks are still taking a beating.

All emotions aside, Hima Reddy stands by with her Chart of the Week focusing on… you guessed it… FAANG Stocks.

These once unstoppable tech powerhouses have not been immune to the larger market decline, and this update shows a bit more of the same.

In fact, the downtrend seems to be in place through the end of the new year according to Hima.

BUT… don’t take our word for it!

Watch the video above for the complete breakdown and to to see what hope (if any)… lies ahead.

Oh!  And if you like this video… you’ll also love the playbook below.

Check it out today!

Hima Reddy released a book called The Winning RSI Playbook. The book details how you can use the popular RSI momentum indicator to boost your profits by tossing the traditional overbought/oversold approach and using key zones in the RSI for high value trade setups.

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Hima Reddy

Author Hima Reddy

Hima Reddy, CMT teaches traders and investors how to use technical market analysis, specifically Gann analysis, to improve their trading performance. Hima began her career as an analyst. From 2014-2016, she was a member of the technical analysis team at Piper Jaffray. Prior to that, Hima covered fixed income and foreign markets at Informa Global Markets. In 2012, Hima published The Trading Methodologies of W.D. Gann: A Guide to Building Your Technical Analysis Toolbox. In response to her readers, Hima began to share examples of the concepts in her book through a free blog focusing on the E-mini S&P 500 Futures lead contract. She has now launched this research as a subscription product. And, Hima will be publishing a 2nd edition of her Gann book with Wiley in 2019. Hima has vast experience on the academic side of technical analysis, having guest lectured at universities across the country. She previously worked for Wiley and the New York Institute of Finance in CMT Program test prep. Hima has also been CMT exam grader and question writer within the Chartered Market Technician Association. For more information please visit www.himareddy.com.

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