- SPY forms potential hanging man on below average volume at resistance.
- QQQ, XLK form bull flag pattern after all-time closing high on Tuesday.
- Seven sectors were positive led by staples XLP and healthcare XLV.
- VIX drops -0.22 to 10.46.
- Oil falls -2.06 to 45.49
- MMM +0.95% leads DJIA.
- GPN +6.21% after earnings leads SPX.
- REGN +6.70% after earnings leads NDX.
Intermediate
and long term up trend intact. 3-day short term trend neutral.
Up:
SPY, QQQ,
Down:
DIA, IWM
Uptrend
sectors: XLK,
XLV, XLY, XLB, XLI, XLRE, XLP,
Look for
a potential bounce in: XLNX, UNH, WBA, EA,
HAS, DIA, MS, NVDA, AAPL, BABA, YHOO, FB, AMZN,MU, HD, MSFT, XLY, MCHP, IWM, SWKS,
TXN, ROST, TSLA,
One Day
Pullback:
Bounces included: KLAC,
Potential
Breakouts include: KEY, WDC, ETFC, SPY, V, MAR, AVGO, SBUX,
Breakouts:
WMT, MCD,
New Highs GOOGL, NFLX, COST, WMT, MCD, LRCX, EXPE, CSX, QQQ,
ATVI, JD, AMAT, SPY, PYPL, RCL, ADSK, NCLH, ADBE,
Earnings
this week:
Monday: DISH, AMD
Tuesday: COH, MLM, CMI, MRK, MA, NRG,
AET, CHTR, MA, AKAM, GILD,
AAPL,
Wednesday:
ADP, ICE, VRSK, FB, TSLA, KHC, QRVO
Thursday: AIG,
CHK, RIG, MUR, PRU,
ATVI, MNST, VIAB, LB,
REGN, GPN, ABC,
Friday:
CTSH, CI, MRO
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
Add Comments here
4 comments:
Great info. I'm coming to your workshop at the end of this month in Calif. Can't wait to see you.
Hope all is well Dave. no new updates? NateMaxwell.. doing good this year about 22% total ROI
Hope you are enjoying your mini-vacation. Looking forward to CS returning. See you in New York.
Welcome back. Missed your posts this past week. Will see you in L.A. at end of month.
Post a Comment