Facebook (FB) remains in the news today as former employee Frances Haugen testifies before a Senate panel.  The stock is bouncing back a bit after steep declines yesterday that came on the same day that most of the company’s websites and apps went dark for hours on end.  That goes for the rest of the FANG cohort as well.  As shown below, the NYSE FANG+ Index closed below its 200-DMA for the first time in 378 trading days yesterday. While it has not recovered all of yesterday’s losses with an inside day, the group is bouncing back significantly. In the process, the FANG+ Index has moved back above its 200-DMA.

Amazon (AMZN) and Facebook (FB) are similarly seeing inside days today recovering some of yesterday’s declines.  For AMZN, the bounce comes around support at the low end of the past year’s range. Meanwhile, for FB, the bounce comes in a bit of no man’s land in the middle of the range between its 50 and 200-DMAs. Similarly, Apple (AAPL) and Alphabet (GOOGL) are also now trading in between their 50 and 200-DMAs. Click here to view Bespoke’s premium membership options.

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