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The Chartman

Bear Market? Don't Tell Facebook

By The ChartmanFOXBusiness

1. Glimmer of Hope?

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Bear markets are tough because they’re painful, but often give glimmers of hope. I think that’s what we went through this past week, and that “hope” could continue for a while.

2. Big Week for Facebook...


Bear markets are tough because they’re painful, but often give glimmers of hope. I think that’s what we went through this past week, and that “hope” could continue for a while.

3. ...Not for Netflix


Of course, another “FANG” stock tells a different story, as Netflix (NASDAQ:NFLX) remains under that nasty downtrend line. It may bounce from here, but I’d still avoid it.

Back next week to see if the bounce continues to confound the bears!

What do you think?

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