Four of nine sectors moved higher
on Monday…XLE, XLB and XLU were the strongest sectors while XLE was the weakest sector.
Breadth
weakened as advancers led decliners 1.07 to 1 on the NYSE and decliners led 1.14 to 1 on the NASDAQ.
Monday
– weakened, advancers led on NYSE
Friday
– weakened slightly, advancers led
Thursday
– Thanksgiving Holiday
Wednesday
– strengthened, advancers led
Tuesday
– strengthened, advancers led
SPY down .87 at
208.69 on 112.5 million shares
VIX
up 1.01 at
16.13…
TNX down .07 at 22.18…
TLT up .48 at 121.45…on 5.1 million shares
XLF down .02 at 24.56…on 24.6 million shares
AAPL up
.49 at 118.30 on
39.1 million shares
FB down 1.21 at 104.24 on 20.3 million
shares
Technical Commentary:
IWM -0.43%, SPY -0.42%, DIA
-0.38%, QQQ -0.25%.
Trade with the trend of the chart you are
trading and continue to move your profit protection stops. Continue
to follow your rules.
The SPX MFC green line is pointed up at 78
Short-term Chart Targets:
SPY =...210.12…
QQQ = 115.47…
IWM = 117.36, 118.34…
Support Levels
SPY
= 207.41
QQQ
= 111.64
IWM
= 114.52
__________________
Setups
Horizontal Breakout: SPY, QQQ,
AA, AIG, BABA, ETFC, FAS, PANW, QRVO, SCHW, SONC, VRSN, ZION, ADSK, ATVI, AVGO,
EBAY, GRMN, INTC, LLTC, LRCX, MSFT, MYL, TSLA,
Diagonal Breakout: BAC,
C, CCL, EXPE, PLAY, PYPL, RCL, SUM, TSL, AAPL, GILD, GMCR, ORLY, TXN,
Bull Flag: CRM, GLW, V, YELP,
AMZN, GOOGL, ROST, TRIP
At Support: JBLU
Moves
H Breakout: AMBA, SLCA, BIDU (long term),
D Breakout: MS,
Bull Flag Bounce: KWEB, JD
Bounce: SINA, YHOO
Gap Down: SOHU, UA
Support Break: SFUN, SOHU,
______________________
45 of 100 NDX stocks closed higher
on Monday.
53 NDX stocks are
above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving
Above 30 DMA
= 1
YHOO
Moving Below 30 DMA = 11
BIIB, DISH, EXPD, FB, GILD, LMCA, ORLY, REGN, SBUX, TSCO, VIAB
BIIB, DISH, EXPD, FB, GILD, LMCA, ORLY, REGN, SBUX, TSCO, VIAB
6-month Intermediate Term Market Trend:
Neutral
3-day Short Term Market Trend: Neutral
No comments:
Post a Comment