Always consider hidden risks
Internet Stocks (FDN ETF):  Disconnected ?
​August 20   (From TradingView )
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​​The Situation

​​The three Previous Peak Prices on the Internet Index Fund ( First Trust ​Dow Jones ​Internet
​Index Fund ​ETF: FDN ) was on December 26 at the ​62.61 level, ​on December 23 at 62.55 
​and on November 28 at 62.36. 
Closing prices were respectively 62.44,62.16 and 62.15.​
( see 1st chart below - red trendline and ellipses ).

We had a Triple Top Pattern as long as we did not have a daily close above ​62.44 which
​will bring if happening​, a Break Out...
That Break Out happened on February 11.
It now becomes a Major Support at 62.44. ​​Closing Price was 68.99 on July 13.

On July 7, we tested and failed to break a  Major Support Trendline
​that started on April 17 2015 on the FDN ETF as shown by the First chart below.

​​​​On July 10, ​​The Internet Index Fund broke​​ on the upside the 50 DMA (Red line - 1st chart below) then at 67.36, a good technical sigh indeed...  And on July 13, we broke on the upside the 20 DMA now at 66.78.
​Closing Price was 68.99 on July 13.

​​A Channel that started on April 17 2015 with the support at 66.06 and the resistance at 69.43 as shown by the chart below. We are near the high ever reached on June 24 2015 at 69.33.

​​The Internet Index Fund (FDN) performance since the beginning of the year is astonishing with +12.51% compare to the Mighty SP500 Index at only +1.98% as of July 13 2015.

​Internet Stocks outperformed since May 21 the Mighty SP500 and the 21 DMA on that ratio turned upward  on June 1 as shown by the second chart below. Last time we had that ratio ( Relative basis FDN over SP500 ) was back in March 2014 as shown by the second chart below.

Internet Stocks (FDN ETF): Disconnected ? $SPY, $SPX, $ES_F, $FDN, $GOOG, $AMZN, $FB, $EBAY, $PCLN, $YHOO, $CRM, $LNKD, $NFLX, $AKAM  #trading  #internet  #fb #goog #lnkd #nflx
FDN ETF over SPX​​​

FDN ETF ( First Trust Dow Jones Internet Index Fund ETF: FDN )
50 DMA ( Red Line )​
​200 DMA ( Green Line )