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FAAMG Gaps

A quick look at the FAAMG (FB, APPL, AMZN, MSFT & GOOG) stocks that have led the Nasdaq 100 to its recent highs & where they are trading in relation to Wednesday's technically significant (as resistance) gaps, along with some other key technical levels to watch via the 15-minute charts.

With the exception on AMZN, which is currently testing last Tuesday's all-time reaction high, the market leading FAAMG stocks have yet to move above last Wednesday's gaps. Until & unless those gaps are backfilled & then taken out we could still be in the latter stages of a near-term oversold relief rally vs. the early stages of a breakout to new highs in these market leading stocks as well as the broad market. With less than 30 minutes left in today's trading session, this battleground between the bulls & the bears will likely be continued tomorrow.

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May 22, 2017 3:38pm|Categories: Equity Market Analysis|Tags: , , , , , , |2 Comments

2 Comments

  1. stock51 May 22, 2017 3:41 pm at 3:41 pm

    thanks

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  2. qqqtrader May 23, 2017 9:10 am at 9:10 am

    Aapl entered the gap, google filled it and AMZN in its one world and at ATH. This isnt looking good for shorts out there.

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