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Home>Nasdaq's FAANG-fueled downturn masks otherwise healthy sector rotation

Nasdaq's FAANG-fueled downturn masks otherwise healthy sector rotation

Nasdaq's FAANG-fueled downturn masks otherwise healthy sector rotation


Perhaps not surprisingly, its backdrop is slightly weaker.

Technically, the group has pulled in from the range top, violating the 50-day moving average amid increased volume. Still, well-defined support matches the range bottom, circa 141, and a posture higher supports a bullish bias.

Collectively, the sub-sector backdrop remains rotational, and bullish-leaning, as partly detailed above. Separately, the prevailing crude-oil price breakout, and corresponding energy sector resurgence, is also bull-case supportive.

Still well positioned

The table below includes names recently profiled in The Technical Indicator that remain well positioned. For the original comments, see The Technical Indicator Library (http://www.marketwatch.com/premium-newsletters/archive/technical-indicator).

-Michael Ashbaugh; 415-439-6400; AskNewswires@dowjones.com

 Company Symbol Date Profiled Target Corp. TGT Sept. 25 Kohl's Corp. KSS Sept. 25 Brooks Automation, Inc. BRKS Sept. 25 Qualcomm, Inc. QCOM Sept. 25 Texas Instruments, Inc. TXN Sept. 20 Packaging Corp. of America PKG Sept. 20 Gap, Inc. GPS Sept. 20 Green Plains, Inc. GPRE Sept. 20 Palo Alto Networks, Inc. PANW Sept. 19 Mazor Robotics, Ltd. MZOR Sept. 19 Baozun, Inc. BZUN Sept. 19 Bristol-Myers Squibb Co. BMY Sept. 18 Continential Resources, Inc. CLR Sept. 18 Silicon Laboratories, Inc. SLAB Sep. 15 2U, Inc. TWOU Sep. 15 Devon Energy Corp. DVN Sep. 15 Energy Select Sector SPDR XLE Sept. 14 Cimarex Energy Co. XEC Sept. 14 Urban Outfitters, Inc. URBN Sept. 14 Juno Therapeutics, Inc. JUNO Sept. 14 SPDR S&P Retail ETF XRT Sept. 13 Lowe's Companies, Inc. LOW Sept. 13 Celanese Corp. CE Sept. 13 Bluebird Bio, Inc. BLUE Sept. 13 Cymabay Therapeutics, Inc. CBAY Sept. 13 Analog Devices, Inc. ADI Sept. 12 Impax Laboratories, Inc. IPXL Sept. 12 Ebay, Inc. EBAY Sept. 11 Valero Energy Corp. VLO Sept. 11 Baidu, Inc. BIDU Sept. 7 Home Depot, Inc. HD Sept. 7 AutoNation, Inc. AN Sept. 7 Ross Stores, Inc. ROST Sept. 7 Wal-Mart Stores, Inc. WMT Sept. 6 Cabot Oil & Gas Corp. COG Sept. 6 iShares Silver Trust SLV Aug. 30 American Eagle Outfitters, Inc. AEO Aug. 30 Rio Tinto plc RIO Aug. 28 FibroGen, Inc. FGEN Aug. 25 Crocs, Inc. CROX Aug. 25 BHP Billiton Ltd. BHP Aug. 25 SPDR S&P Metals and Mining ETF XME Aug. 24 Tower Semiconductor, Ltd. TSEM Aug. 24 Prologis, Inc. PLD Aug. 24 Vertex Pharmaceuticals, Inc. VRTX Aug. 23 ASML Holding N.V. ASML Aug. 23 Sempra Energy SRE Aug. 22 Lumber Liquidators Holdings, Inc. LL Aug. 22 VMware, Inc. VMW Aug. 21 Hortonworks, Inc. HDP Aug. 21 Control4 Corp. CTRL Aug. 21 Iamgold Corp. IAG Aug. 17 Southern Copper Corp. SCCO Aug. 17 Perrigo Co. PRGO Aug. 17 Atlas Air Worldwide Holdings, Inc. AAWW Aug. 16 Las Vegas Sands Corp. LVS Aug. 16 Boingo Wireless, Inc. WIFI Aug. 16 PDL BioPharma, Inc. PDLI Aug. 14 Newmont Mining Corp. NEM Aug. 14 SPDR Gold Trust GLD Aug. 10 Franco-Nevada Corp. FNV Aug. 10 Xerox Corp. XRX Aug. 10 Cognizant Technology Solutions CTSH Aug. 9 LivePerson, Inc. LPSN Aug. 9 Alexion Pharmaceuticals, Inc. ALXN Aug. 8 Cognex Corp. CGNX Aug. 8 HP, Inc. HPQ Aug. 7 Global Payments, Inc. GPN Aug. 7 Cadence Design Systems, Inc. CDNS Aug. 4 Sina Corp. SINA Aug. 4 First Solar, Inc. FSLR Aug. 3 Abbott Laboratories ABT Aug. 3 Corcept Therapeutics, Inc. CORT Aug. 3 International Game Technology IGT July 25 Glu Mobile, Inc. GLUU July 25 American Tower Corp. AMT July 21 SBA Communications Corp. SBAC July 20 D.R. Horton, Inc. DHI July 18 Mastercard Inc. MA July 17 iShares MSCI Brazil ETF EWZ July 14 Bottomline Technologies, Inc. EPAY July 13 Toyota Motor Corp. TM July 13 PulteGroup, Inc. PHM July 11 Delphi Automotive DLPH July 10 Novartis AG NVS July 6 Loxo Oncology, Inc. LOXO June 22 Scientific Games Corp. SGMS June 7 iShares China Large-Cap ETF FXI June 6 Health Care Select Sector SPDR XLV June 5 Sangamo Therapeutics, Inc. SGMO June 5 Monster Beverage Corp. MNST May 24 FMC Corp. FMC May 16 iShares MSCI Japan ETF EWJ May 12 Weibo Corp. WB May 12 Myriad Genetics, Inc. MYGN May 10 Tableau Software, Inc. DATA May 9 GrubHub, Inc. GRUB May 4 Caterpillar, Inc. CAT Apr. 28 IAC/InterActiveCorp IAC Apr. 24 Utilities Select Sector SPDR XLU Apr. 13 Red Hat, Inc. RHT Apr. 7 Coca-Cola Co. KO Apr. 5 UnitedHealth Group, Inc. UNH Mar. 31 iShares MSCI Hong Kong ETF EWH Mar. 24 Universal Display Corp. OLED Mar. 21 iShares MSCI All Country Asia ex Japan ETF AAXJ Mar. 21 Activision Blizzard, Inc. ATVI Mar.7 Square, Inc. SQ Mar. 3 Paycom Software, Inc. PAYC Feb. 24 Facebook, Inc. FB Feb. 23 SPDR S&P Biotech ETF XBI Feb. 15 Microchip Technology, Inc. MCHP Feb. 13 CBOE Holdings, Inc. CBOE Feb. 8 Boeing Co. BA Feb. 7 McDonald's Corp. MCD Feb. 3 Exact Sciences Corp. EXAS Jan. 30 iShares Europe ETF IEV Jan. 26 Shopify, Inc. SHOP Jan. 20 Amazon.com AMZN Jan. 13 iShares MSCI Emerging Markets ETF EEM Jan. 11 Alphabet, Inc. GOOGL Jan. 9 Alibaba Group Holding Limited BABA Jan. 5 AutoDesk, Inc. ADSK Dec. 20 Take-Two Interactive Software, Inc. TTWO Dec. 14 Apple, Inc. AAPL Dec. 9 Technology Select Sector SPDR XLK Oct. 25 Lam Research Corp. LRCX Oct. 20 Netflix, Inc. NFLX Oct. 4 Microsoft Corp. MSFT Aug. 5 PowerShares QQQ ETF QQQ July 19 Industrial Select Sector SPDR XLI July 15 Materials Select Sector SPDR XLB July 15 VanEck Vectors Semiconductor ETF SMH June 23 

(END) Dow Jones Newswires

09-26-17 1232ET

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