Attention: If you look at the market during the day…there
will be intraday posts during the day effective today. Check it out tomorrow...
Are you interested in taking your
trading to the next level? If so, let us know what areas you are specifically
interested in building your skills…
STX -16.50% on EPS reaction misses
on revenues and earnings.
FCX +14.74% on EPS reaction misses on EPS but beats on
revenues.
SPY, DIA, IWM bounce in bull flag
pattern.
SPY, IWM make all-time closing high.
QQQ pauses after making new all-time high on Monday.
Five sectors were higher and one unchanged, led by
energy XLE +1.26% and financial XLF +1.24%
SPY up .60 at 247.42 on 54.9 million shares, 10% below avg. Up on rising volume.
VIX unchanged at 9.43.
Oil up 2.07 to 48.55
TLT down 1.63 at 123.57…on
9.7 million shares, 36% above avg. Down on rising volume.
CAT +5.88% eps beat and MCD +4.75% eps
beat led the DJIA, 22 advancers.
FCX +14.74%, NEM
+6.90% eps beat and RRC +6.86% led the SPX.
TSCO +3.90%, FAST +2.44%, JD +2.11% and
JBHT +1.99% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM, DIA, SPY
Down:
QQQ,
Uptrend
sectors: XLV, XLK,
XLY, XLB, XLI, XLF,
Neutral
sectors: XLRE, XLU, XLP, XLE
Down
trend sectors:
Breadth strengthened
as advancers led 1,795
to 1,108 on
the NYSE and led 1,636
to 1,192 on the NASDAQ.
The SPY MFC green
line is at 95,
bullish.
Look for
a potential bounce in: AMAT, KLAC, CCL, SWKS,
ADP, ATVI, BABA, NVDA, EXPE, AABA, AAL, LUV, XLNX, MCHP, JNJ, BBRY, TAL, TLT, KLAC,
GOOGL, MU,
At
support: CSX, LUV,
One Day
Pullback: BIDU, TSLA, SHOP,
Bounces included:
IWM, SPY, DIA, FCX, MCD, JBHT, AVGO, MS, C, JPM, WFC, SCHW, BAC, PNC, DDD,
COST, XLY,
Potential
Breakouts include: WDC, XLY, RCL, ATVI, MAR, AMD, EXPE, WYN,
EA, LRCX, KWEB, WB, ANET,
Breakouts:
FCX, MS, FAS, JD, AAPL, WMT, HUN,
Break of
short-term support: MMM, ALK, UAL,
Bear flag:
New Highs: CC, BA, RACE, V, MNST, ADSK, JD, WYNN,
FB, AMZN, QQQ, ADBE, SQ, SPY, AABA, WUBA, PYPL, NFLX, ETFC, MOMO,
50 of 100 NDX stocks closed
higher on Tuesday.
77
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 9
CMCSA, DISH, DLTR, FOXA KHC,
MAT, MDLZ, SHPG, TSCO,
Moving Below 30 DMA = 3
AAL, MU, DISCA,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
Earnings Week of July 24…
DJIA
Tuesday = DD, MMM, UTX, CAT, MCD
Wednesday
= KO, BA
Thursday
= PG, VZ
Friday = MRK,
XOM, CVX
NDX
Monday =
Tuesday =
STX, BIIB,
PCAR, AKAM, WYNN, AMGN, TXN
Wednesday
= ESRX, GILD, FB, LRCX, PYPL, TSCO, XLNX, VRTX
Thursday
= CMCSA, SIRI, ADP, CELG, CHTR, ORLY, EA, EXPE, INTC, MAT, SBUX AMZN, WDC,
KLAC, BIDU
Friday =
AAL
Add Comments here
13 comments:
Dave
Your semi-retired now you look to formal
a nice pic would be your late 60's or early 70 pic
of when you where in your band
Cheers
Mike
Mike...you're right, traders/mentors only have to work a half (semi-retired) day...as we say and it is any 12 hours you want...ha,ha,ha...DJ
Thank you, Dave!
Kathy :)
Well that explains a lot...
Since Dave mention about posting intraday, is there a setting on this blog where every time Dave posts on the main part of the blog, a email can be sent
Thank You
Mike
PS Dave thanks for posting intraday
Dave, I know you can't include every possibility, but I don't see AVGO in your "possible breakout" list. Any particular reason why not?
Hi Tenore, I'm guessing but Dave may not want this to turn into an ask about my stock page or it will quickly become like a Thursday night trading room :) But If i can presume to pinch hit for Dave, yes AVGO is a potential horizontal breakout setup. Dave did mention this stock in his bounce lists over the last couple days as well based on the small (2 day) bull flag I presume.
Tenore, AVGO was listed in the bounce list, which typically means a breakout is next setup...it just didn't get listed under both...yes it is a breakout setup... thanks for the question... DJ
ALL, now that I am in control my time, I will be more than happy to answer questions as I see them, obviously answers may not be instantaneous, but they should be timely depending on my attention flow during the day...a lot more to come in the next couple of weeks...stay tuned... DJ
Sorry Dave, my mistake.
Dave,
I am looking at an Iron Condor for Aug 18 (Friday afternoon) expiration.
2515/2510/2445/2440 for 1.8.
Any incites would be appreciated?
Thanks
Don
Like the video very happy to be able to follow you Dave
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