Tuesday, 8 December 2015

FB, NFLX, TWTR - momo stocks catch a bid

Whilst the broader market was weak across the day, there was notable strength in some of the momo stocks. Facebook (FB), Netflix (NFLX), and Twitter (TWTR) settled higher by 0.9%, 1.3%, and 2.2% respectively. The strong reversal from the opening declines is arguably indicative of a key floor.


NFLX, daily

TWTR, daily


Little to add.

Suffice to say.. of all the sectors/stocks today... the momo stocks stood out at the close.

In particular, Facebook and Twitter both closed with particularly bullish candles.

*I have ZERO interset in getting involved in any of the momo stocks, but they can often be useful to keep an eye on, as an early warning of a trend change in the broader market.