$2.7
billion fine sends GOOGL and NDX lower...
SPY is forming a similar low and is shifting from
flag to channel.
DIA is in a bull flag pattern.
IWM forming bull flag setup.
One sector was positive, led by financial XLF and energy XLE.
SPY down 1.96 at 241.33 on 82.2 million shares, 15% above average. As of today’s close SPY is down -1.4% from its all-time high
on June 19.
VIX up 1.16 to 11.06.
Oil up .23 to 43.72
TLT down 1.37 at 126.89…on
8.3 million shares, 15% above average.
JPM +0.93% and WMT +0.68% lead
the DJIA.
AMD -4.83%, NFLX -4.11% and NVDA -3.66% largest percentage
losers in the SPX.
STX -6.79%, JD -5.55%, MELI -4.50% and BMRN
-4.11% largest percentage losers in the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
Down:
DIA, SPY, IWM, QQQ,
Uptrend
sectors: XLV,
XLF, XLI, XLU, XLRE, XLB, XLY, XLP, XLK,
Breadth weakened as decliners led 1,910 to 1,013 on the NYSE and led 1,862
to 959 on
the NASDAQ.
The SPY MFC green
line is pointed
down in upper zone at 80, prepare to become defensive.
Look for
a potential bounce in: DIA, C, MMM, MCD,
V, RCL, EXPE, ADBE, WDC, HUN, ANET, AMD, AABA, SHOP, DDD, BBRY, FB, ATVI, AMZN,
PYPL, SQ, RACE, MOMO, KWEB, XLNX,
At
support: SPY, QQQ, XLY, MAR, WB, EA, CC,
NVDA, NFLX, MNST, GOOGL, ADSK, AVGO, AAPL,
One Day
Pullback: IWM, JD, WYN, TLT,
Bounces included:
WMT, BBY,
Potential
Breakouts include: TAL, CSX, WYNN, BABA,
Breakouts:
Break of
short-term support: LRCX, KLAC, AMAT, MCHP,
TSLA, SWKS,
Bear flag:
COST, BIDU,
New Highs:
7 of 100 NDX stocks closed
higher on Tuesday.
38
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 22
AMZN, ATVI, AVGO, BMRN,
CSCO, CHKP, CTAS, CTSH, EA, FB, FISV, HSIC, IDXX, ILMN, INTU, MSFT, MYL, NVDA, PAYX,
STX, VOD, XLNX
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
Add Comments here
No comments:
Post a Comment