After the Close part 1 Review of Thursday’s action…
After the Close part 2…
© 2017
Two sectors were higher and one was unchanged, led
by healthcare XLV +0.29% and energy XLE
+0.06%.
SPY down .57 at 243.99 on 50.7 million shares, 19%
below average. Down on similar
volume.
VIX down .02 at 12.23.
Oil down .75 to 47.62
TLT down .47 at 126.83…on 5.5 million shares, 18% below
avg. Down on lower
volume.
CSCO +1.03%, and MRK +0.90%, led
the DJIA, 15 advancers.
SIG +16.67%, FOSL
+9.75% and
PVH +5.73% led the SPX.
DLTR +5.62%, QVCA +2.65%, XRAY +2.63%, and MXIM +1.87%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM,
Down:
DIA, SPY, QQQ
Breadth strengthened
on Thursday as
advancers led 1,437 to 1,408 on the
NYSE and led 1,695 to 1,111 on the
NASDAQ.
The SPY MFC green
line is flat at 35,
short-term bearish.
Uptrend
sectors: XLU,
Neutral
sectors: XLK, XLP, XLF, XLY, XLRE, XLV,
XLB, XLI
Down
trend sectors: XLE
Intermediate-term trending stocks: PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V,
CCL, RCL, ALGN, ANET, SQ, CC, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, A,
EDU, SHOP, EXPE,
30 of 100 NDX stocks closed
higher on Thursday.
38
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
ADI, CHKP, MXIM,
Moving Below 30 DMA = 5
COST, CTSH, LBTYA, LRCX, MSFT,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
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2 comments:
Hi Dave,
I still have my "I'm a great trader" sticker on my computer !! I would appreciate any thoughts you have on the "food" stocks given trade today. I happen to own COST and got hit today. Still in the channel the way I see it.
Hi Dave,
I really appreciate your discussions on reading the charts. I also appreciate the insights to improve mindset and not to listen to all the noise.
Thanks!!!!!
Don
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