Big Techs Has Sell Signals 大型科技股票有卖出信号

The Fang+ Index 3X ETN (FNGU) consists of 10 large cap tech stocks, they are AAPL, AMZN, BABA, BIDU, GOOG, MSFT, NFLX, NVDA, TSLA and TWTR. This ETF has multiple sell signals technically. It formed bearish Double Top pattern at $40. It broke below 20 day moving average support. CCI just dropped below 0. And Money Flow Index has rolled over since the end of June. All the above are short term sell signals. Most of these stocks have been making new highs, however rallying ahead of earning reports is not good for stock price since it increases the odd of sell on news even if news is good. Since many of these stocks are components of major market indexes such as the Dow Jones Industrial Average, the S$P 500 and the Nasdaq 100, as these stocks come down, the whole stock market will also be down. To participate on the downside  of FNGU, one can buy the opposite of ETN FNGD for profit . 

FANG+指数3X ETN（FNGU）由10只大盘科技股组成，它们是AAPL、AMZN、BABA、BIDU、GOOG、MSFT、NFLX、NVDA、TSLA和TWTR。 从技术上讲，该 ETF 已经有多个卖出信号。 它在 40 美元形成看跌双顶形态。 它跌破了 20 日均线支撑位。 CCI 刚刚跌破 0。资金流向指表从 6 月底开始向下滚动。 以上都是短期卖出信号。 这些股票中的大多数近期都创下了新高，但是在财报之前上升对股价不利，因为即使消息是好消息也会增加报告后卖出的几率。 由于这些股票中有许多是道琼斯工业平均指数、S$P 500 和纳斯达克 100 等主要市场指数的成分股，随着这些股票的下跌，整个股市也将下跌。可买FNGU的相反ETN FNGD参与这个指数下跌获利。