My Lions, as we have all been witnessing for quite a while now-tech has been THE market leader.
At this time, I believe we are going to see yet again a new resurgence with regard to the FAANG stocks, I also believe that we should be buying the dips with regard to the FAANG's moving forward.
If you have been following my work as of late, I have been waiting for this very thing, that is a rebound with regard to the tech sector-and despite the fact that tech is under a little bit of pressure in early trade this morning-we have been seeing this play out. Moreover, I believe firmly that tech is going to continue to lead the market higher.
For those of you who are not familiar with the acronym FAANG, I am specifically referring to Facebook, Apple, Amazon, Netflix, and Google.
Happy hunting my Lions!
Gregory Mannarino @marketreport
Long (FAANG) stocks or even S&P, Dow Index, leveraged or not leveraged, these could work well as a hedge in combination with a crypto portfolio and/or precious metals. What do you think?
On point and on time as always Greg.
Roar! Now that's something we can get our teeth into! Thanks for the great update as always.
very fitting! :-)
FAANG stocks will be in the lead until next recession ..
Since its THE mainstream stocks.
Just has to pick the right move.
Thanks for the analyzes Greg. :)
Thanks for the tips Greg! Amazon and Netflix are still my friends @marketreport
Spectacular! This is wonderful! I am so glad I found your stuff. Steemit is such a great place.
following you
thank you for this update,this is my first comment in ur blog :))
Good Morning Greg from the PNW !
Always look forward to your daily advice - Keep up the great work!
Respect the work Gregory, and while I don't see technology's leadership role as over I do see it taking a pause for the next weeks to months as other sectors of the market rotate into favor.
From a price perspective, the recent high volume pullback in the Nasdaq leads me to believe we're in store for at least some more summer sideways chop while groups like banks, transports, healthcare emerge to the front as they've recently been hitting new highs.
And of course with earnings season quickly approaching, we could see some new catalysts enter the picture.
Keep up the good work!
meep
Interesting. Upvoted. Resteemed.
thanks for advice man!
Great info.. lets make a killing :)
thanks greg
Your post is very interesting to follow .. thanks for sharing.
Success always for you.
Gregory Mannarino is my first go-to adviser on economy/current events. Thank You, Gregory!
Is XLK a good play on the FAANG stocks?
Yes those stocks will lead because alot of the technology adavances are taking place within those sectors with the way everything is changing .
Here's to hoping that FANG leads this market higher.! I am just sitting here waiting for something to happen. Been kinda boring, except for Gold and Silver taking that beating this last week.
Thanks
very good points and thank you for the info
Yes, that is what I see is happening.
Your "unfollow" of me means no more .25 contributions I take it? Or did you unfollow me because you thunk I was wrong about AMZN? OK, fine...if I take AMZN to below $970 then it was your fault...not mine, Greg. :-)
I didn't un-follow you Joe, I am still following you.
Intrusting, my bad. Not that it matters if you follow me. I'll still follow you. :-) OK, I'll try and hold AMZN in above $970. In fact, I'll even try and time the dollar rally to begin if n when I enter my SLV short and I work my magic on AMZN, picking it up from the low.
Those buy signals on UVXY and the VIX I spewed about yesterday at my place proved "deadly." Tis why I keep telling you to real all of my spews, not just the new blogs I post.
I have been buying the dips! I would also add BABA to the list.
I agree. I like AAPL the most.
This is an interesting concept, I'm more of a physical asset guy so I tend see things from that angle. But your article makes great logical sense and somthing I need to consider. I've been studying the concept of a 'hyper-ledger' technology and have come to the conclusion that if you own FAANG before they mass commercial adopt cryptos on a hyper-ledger...you be rich...
Hyper-ledger is the next layer
Good stuff!!! Keep your finger on the pulse of the market.... :-) lol
Thanks for the update Greg. Good on you mate.
I agree, I have been day trading aapl long starting last week. It got pretty oversold.
Love those July rallies :)
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Peaks and valleys is the cycle. Buy the dips! Thanks Gregory!
Happy hunting all. Thank for cheering up Greg.
Great Post
thank you
BTFD!
Is this your Lion? haha