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FANG Stocks Monkey-Hammered At The Open

Courtesy of ZeroHedge. View original post here.

NFLX is now down almost 10% from last Thursday’s close as FANG stocks tank at the open today, extending losses post-FOMC…

Having stalled at the Fibonacci 61.8% retracement of Friday/Monday’s drop, FANG Stocks are tumbling at the open today…

Canaccord analyst Michael Graham earlier said that significant outperformance for FANG stocks “should be harder from here” given valuations.

Led by NFLX…

And of course that is weighing on NASDAQ (and S&P)…


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