NYSE FANG+ Index: wait is better⌛

26 feb 2023

'The NYSE FANG+ Index is a rules-based, equal-weighted equity benchmark designed to track
the performance of 10 highly-traded growth stocks of technology and tech-enabled companies in the
technology, media & communications and consumer discretionary sectors'.

Companies included in the index:
Meta, Apple, Amazon, Netflix, Microsoft, Google, Tesla, NVIDIA, Snowflake and Advanced Micro Devices.

Graphically speaking, I would expect a better definition of which way the price is going.
Looking at the Stochastic Momentum Index, I would say that opening a long position would be too risky.

Below are some possible scenarios:

Scenario 1:


Scenario 2:


Scenario 3:


Scenario 4:


Scenario 5: