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Chart of the Week

The FANG+ index looks to represent a basket of highly traded growth stocks Apple (AAPL US), Alibaba (BABA) and the volatile Tesla (TSLA US). At this stage we are still looking for a break to new highs but interestingly this is a move that technically we wouldn’t chase i.e. a potential blow-off top in the growth sector.

MM is bullish the FANG+ index very short-term
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NYSE FANG+ Index
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