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OK... this is of interest.... isn't the institutional money (mutual funds, hedge funds, etc..) the major volume of any major index? I always thought the retail money was of no significance?

Since I started this thread here is my opinion and trading.. I was long from 7374 on 08/02.... today's close will be below both MA10 and MA20 on the daily chart. So, my trading strategy says to close the position and wait for a new entry...

my method says... we go higher

HMMM... here we are at 7460 again , like end of July and just cannot make it over and stay over. I am still long from 7374, but I dunno. Maybe the buyers are all in and there just isn't anymore buying activity to fuel us further. Not sure if the stock buy backs will help NAS or not...

HMMM... 2 trading days in a row that we breach the 10Day Moving Average, and now we close right at the MA. I could make a case that we are at a short term support and the long that started on 08/02 continues.. or we break below and look for new support. comments?

I agree. I’ve plYed with supertrend but never really used it. I was a long and short trader till recently. Maybe some day we get to go short. But not now

daily update.. although we did trade below MA10, and had we closed under I would have closed out my Long... we are closing above MA10,,,, so the up swing that started on 08/02 at 7333 continues

trade less.. hold positions longer.. that will greatly reduce your trading costs

Me to buddy... WAYYYYYY better for my mental state. No more early mornings (I am PST time zone) and watching every little wiggle. Plus so many less decisions to make. I was just getting so burned out with day trading

I never expected my post to get all this attention... obviously people are really amped up over TSLA. I personally think it is a crap company and crap stock and eventually if it stays public it will crash.

forget day trading... the real money... is with longer term trades. I am a recent convert to swing trading, but I am loving it. This is after SERIOUS effort to intraday trade. Books, coaches, SIM, demo,,, real trading.. I mean 1000's of hours.

I do not think there is a whole lot... 24 hour trading just never really took off

Yup I will do exactly that.. you ready for my Intraday (nice word for day trading) wholy grail??? DO NOT DO IT!!!

like this.. the last short full crossover from a daily chart is Jan 2016 and the down trend lasted into Feb

for me,... my exit of my Long is a 5PM closing (I trade NQ Mini Future) that is below the 10day Moving average... then I look to re-enter a new long on a close above. This also assumes that the 20day and 60day MA are in line as well. BUT I would not be able to call it a down trend unless...

I am no longer on the fence,,, this market (especially Nasdaq) is jut going up. I believe alot of it is the fuel from corporate buy back programs. No longer am I looking to take on shorts. Any down turn is an exit of my long and looking to re-enter on resumption of up leg. And summer is...

honestly.. I have no idea

YUP... read your link... they are taking the 5 FAANG stocks and adding in more assests and creating an index. It is not even using the common stock shares of FAANG, rather using futures contracts which adds leverage. so... to answer the original question. FAANG is the 5 stocks I quoted...

what are you quoting? that sounds like an ETF or similar that has made an investment product. my source https://www.investopedia.com/terms/f/faang-stocks.asp

FAANG = Facebook, Amazon, Apple, Netflix, and Google... those 5 make up 27% of the NAS100