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FANG Motors the QQQ Higher
With the exception of Facebook, Inc. (FB), the FANG stocks are in various, potentially positive juxtapositions above their 50- and 200-Day EMA's.
Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX), and Alphabet Inc. (GOOG) all are trading above their 50-Day EMA's now, and are beginning to accelerate up and away from their 200-Day EMA's, both of which are very positive technical conditions, and will help drive the PowerShares QQQ ETF (QQQ) into higher all-time high territory projected next into the 124.00 area (120.92 last).
As for FB, a sustained climb above 122 will satisfy the positive conditions exhibited by the other three members of FANG, and will position FB for upside acceleration towards 127.00 next.
