What Stocks Might Lead The General Market Down 那些股票可能导致整体市场下跌

FAANG, the famous abbreviation for FB, AAPL, AMZN, NFLX and GOOG has been the key to market directions. Since they are big cap tech stocks, they lead and the general market follows. FAANG has been under performing the general market as these stocks on average have dropped around 13% from their all time high while the bench mark S&P 500 is only down 5% from its all time high.  It seems there is a lot the general market need to catch up on the downside.

Perfomances for the FAANG stocks in bad to worst order are AAPL -7.4%, GOOG -7.9, FB -12,8%,
AMZN -13.5% and NFLX -24.5%. FB and AMZN are in correction while NFLX are in full blown bear market.

FNGU the 3 X FANG+ stock ETN which tracks FAANG and 5 other tech stocks is a good way to track momentum stocks. FNGU holdings include FB, AAPL, AMZN, NFLX, GOOG, TSLA, NVDA, BIDU, BABA and TWTR, each has 10% weighting. FNGU has dropped 63% (remember FNGU is a 3X ETN) from it's all time high is also alarming.

With FAANG and FNGU not doing well, we need to be really careful about the general stock market!

FAANG，着名的FB，AAPL，AMZN，NFLX和GOOG的缩写代号 一直是市场方向的关键。由于它们是大型科技股，它们领先而整体市场会紧随其后。由于FAANG一直的表现都坏于整体市场表现，这些股票平均从历史高点下跌约13％，而标准普尔500指数从历史高点仅下跌了5％，大市若要要赶上FAANG的下行幅度，还需要跌得更多。

FAANG股票表现从坏到最坏的排列顺序为AAPL -7.4％，GOOG -7.9，FB -12,8％，AMZN  -13.5％及NFLX -24.5％。 FB和AMZN均在修正中，而NFLX则处于全面熊市中。

跟踪FAANG和其他5只科技股3倍表现的ETN FNGU是跟踪动量股的好方法。 FNGU控股包括FB，AAPL，AMZN，NFLX，GOOG，TSLA，NVDA，BIDU，BABA和TWTR，每个都是10％的权重。 FNGU已经从它的历史高位下降了63％（记住FNGU是一个3X ETN）也是惊人的。

由于FAANG和FNGU都表现不佳，我们需要对美股大市非常谨慎！