Trading Club: Are FANG stocks a buy?
Posted on August 10, 2018
I hope you had a great week! It has been all action for me, between travels and producing the weekly Trading Club meeting for members on Monday. As such, I intend to keep today’s note brief ahead of a much needed break this weekend.
Looking around the world, indices have recovered with the S&P 500 approaching the all time high set in January. There has been some profit taking in the past couple of days as technical indicators such as the RSI reached “overbought” extremes.
However, the Equity Market Checklist taken from our LVDTA Trading Club Monthly Report for August shows a positive score, suggesting that the recent strength in equities is warranted and that the rally may continue to new highs.
Similarly, our Market Indicators Checklist - which measures risk sentiment amongst investors - supports the idea of risk assets like equities to outperform safe havens for the time being.
Of course, there are opportunities to be had within equities, even with major indices towards technical extremes. For stock pickers like myself there are a host of single names on my radar. Two such companies are in the so-called “FANG” index which I featured in this week’s Trading Club meeting (Checklists below are obscured to preserve value for our paying members).
“FANG 1” looks good...
“FANG 2” looks even better...
I promised that it would be a short post from me today, so I will leave it there and wish you all a very pleasant weekend. If you would like to join us for more market analysis and ideas in the meantime then I encourage you to check out our Million Dollar Traders Course, and Trading Club memberships where you can get access to the latest Monthly Checklist Report and Trading Club video analysis immediately.
(P.S. If you are interested in purchasing both the MDT Course and TC Membership together, we might be able to offer you a special discount if you contact our team at [email protected])
Have a great weekend,
James Helliwell | Chief Investment Strategist
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