All the FANG-style stocks are notably lower at the open with AMZN crashing over 6% (worst two day drop since Feb 2016) and broken below its 50DMA…
This means Jeff Bezos has lost over $10 billion in net worth in the last two days.
FANGMAN (plus TSLA) stocks are all plunging… (MSFT is the best performer for now)…
This has smashed the FANG stocks below a two-year trendline…
And broken below the 100-day moving average…
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