Friday, August 11, 2017



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After the close Part 1 Review of this week’s action…QQQ, SPY, IWM, DIA, daily and weekly chart discussion, TLT, VIX, sim trade charts MCD, MSFT, SPX, MCHP, FB, QQQ
© 2017

After the close Part 2 Review of Friday’s action…KORS, PRGO, RL, TRIP, CBS, COL, JBHT, LLL, CMCSA, TSN,  bull flags AAPL, ADP, ADSK, ATVI, AVGO, BA, BIDU, CC, CHTR, COST, DIA, DLTR, EA, FB, GILD, MCHP, NCLH, NFLX, NKE, SIRI, TMUS, TSCO, TSLA, VALE, C, CCL, RCL, MACD divergences AAL, AMAT, AMZN, EBAY, GOOGL, KLAC, LRCX, MSFT, MU, SBUX, SWKS, WYNN, XLNX
© 2017


Five sectors were higher led by technology XLK +0.69% and discretionary XLY +0.51%.

SPY up .36 at 244.12 on 73.3 million shares, 26% above avg.  Up on lower volume.
VIX down .53 at 15.51.
Oil up .28 to 48.79
TLT up .06 at 126.43…on 5.6 million shares, 23% below avg.  Up on lower volume. 

MSFT +1.53% and CSCO +1.52% led the DJIA, 14 advancers.
TRIP +6.22% eps, JBHT +2.82% and AMAT +2.50% led the SPX.
VRTX +3.53%, MELI +3.23%, LRCX +3.23%, and ADSK +2.89% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up: QQQ, SPY, IWM, DIA
Down:

Breadth strengthened on Friday as advancers led 1,556 to 1,362 on the NYSE and led 1,508 to 1,336 on the NASDAQ.

The SPY MFC green line is at 70, defensive.

Uptrend sectors
Neutral sectors: XLK, XLF, XLU, XLY, XLRE, XLP, XLE, XLV, XLB, XLI
Down trend sectors:

Intermediate-term trending stocks:  PYPL, ADBE, NVDA, FB, JD, ATVI, EA, BA, MCD, V, CCL, RCL, SQ, MOMO, CC, BZUN, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, EDU, SHOP, EXPE, MAR,

74 of 100 NDX stocks closed higher and one was unchanged on Friday.

40 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 10
ADBE, ADSK, ATVI, BIIB, CSCO, ISRG, MSFT, NFLX, ROST, SWKS,

Moving Below 30 DMA = 4
CTAS, GILD, NVDA, VOD,


The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down


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13 comments:

K said...

Dave,

You are an amazing mentor, Dave!!! Even middle of the night!! Thank you!!

Kathy :)

Dave Johnson said...

Kathy...thank you, have a great weekend...DJ

Steve Cooper said...

Wish "Blogger" had 'Like' and 'Love' buttons. I have 'Love Handles', but I can't use those to tell Dave how awesome he and his work is.

Don said...

Dave:

Have a Great Week-end....Looking forward to Monday

Dave Johnson said...

Steve...very nice :)...DJ

Michael Hayes said...

Dave
Love the Blog this week, been very enlightening
calm and cool. Thank you for the bull flags and divergences

Have a great weekend
Mike

Dave Johnson said...

Michael...you're welcome...you have a great weekend also...DJ

fayburn gage said...

Dave...love the Blog....I actually get more from these than the TR's.....you seem to be "freer" with your discussion. I guess, since you don't have to satisfy IT's requirements, it gives you the options to follow where your thoughts lead.

One technical thing....for the past two days your the blog ends abruptly as if they were stopped before you intended. Also the same thing at the beginning.....it seems they begin without an intro simply pick you up in the middle of a sentence.

Don't know if it's something with my PC, or something with me, or if anyone has noticed the same thing.

Just wanted to mention it!

Please keep up the good work!!!

Fayburn

Rich D said...

Your commentary explaining the price action these past few days is terrific. I appreciate you sharing the thinking of the institutions. I love how you approach the market in such a rational and logical way. It is starting to sink in for me. Thank you so much. Have a wonderful week.

TLS said...

Great videos again. Thanks!
Ty

Jonathan Bruhn said...

Got up to watch them this AM (8/14/17) and after hitting play got a notice saying invalid parameters.

Jonathan Bruhn said...

Re booted the page and it worked.

Dave Johnson said...

Fayburn...whenever there is a part 1 and part 2 video they are a run on continuation, they are NOT two separate videos and you will get the hard stop and hard stop effect...I'm glad you like the Chart Signals structure...DJ