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FANGs Freefall To 5-Mo Lows, Nasdaq Nears Critical Support

Summary:
This is really escalating quickly... FANG Stocks are getting mionkey-hammered...with NFLX down 6%! Driving the FANGs down most since July to their lowest since May... FANGs are down 10% in the last 9 days... Pushing Nasdaq back down to its 200DMA - the closest to its 200DMA since July 2016...

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This is really escalating quickly...

FANG Stocks are getting mionkey-hammered...with NFLX down 6%!

FANGs Freefall To 5-Mo Lows, Nasdaq Nears Critical Support

Driving the FANGs down most since July to their lowest since May...

FANGs Freefall To 5-Mo Lows, Nasdaq Nears Critical Support

FANGs are down 10% in the last 9 days...

FANGs Freefall To 5-Mo Lows, Nasdaq Nears Critical Support

Pushing Nasdaq back down to its 200DMA - the closest to its 200DMA since July 2016...

FANGs Freefall To 5-Mo Lows, Nasdaq Nears Critical Support

Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit. Visit his blog: ZeroHedge (http://www.zerohedge.com/)

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