Apple and the bloody FANG

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Facebook, Amazon, Netflix and Google have all fallen below their 50-day moving average. Not Apple.

 

FANG 50 day

From Investor’s Business Daily: Dow Jones Futures: FANG Stocks Haven’t Done This Since April

Amazon.com (AMZN) and Netflix (NFLX) undercut their 50-day averages last week, joining Facebook (FB) and Google-parent Alphabet (GOOGL). It’s the first time all four FANG stocks have been below their 50-day lines at the same time since late April…

On the bright side, Dow Jones stock Apple dipped just 0.6% last week, with some distance from the 50-day line.

Click images to enlarge.

My take: Apple’s week, it must be said, ended badly—down 3.3% Friday—and the stock was still in the red in pre-market trading Monday.