Thursday, August 17, 2017

Futures Point to a Lower Open...Jobless Claims at 232K vx 240K Forecast...



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Posted 3:17 pm ET…SPY is nearing last week's low of 243.70...if broken Fib 61.2% support is 243.38 and 78.6% support is 241.87, follow your rules for break of support if any additional levels are broken...there will be no before the close video today...check later for after the close today.


Posted 1:02 pm ET…SPY broke temporary support of 245.40 and has fallen to the intermediate-term 50% Fib retracement level of 244.43...if it breaks look for potential move to last week's low...


Posted 11:44 am ET…
SPY has found temporary support in the 245.20 area…defensive sectors XLRE, XLP, XLU are strongest this morning…technology XLK is weakest…weakness in AAPL, CSCO, AMZN, MSFT, FB, JD, GOOG weighing on tech and QQQ this morning…CSCO is a negative earnings reaction last night after the close…CSCO, WMT, GS weighing on DJIAMCD up 42 cents


After the Open part 1 Review of SPY,  difference between price fluctuation and trend change, early volume, support, Market Forecast indicator, being defensive, Fibonacci retracements short-term and intermediate term, intra-day price patterns on SPY, following your rulesPosted 10:56 am ET
© 2017


After the open part 2 Review of DIA, IWM, QQQ, AAPL, MNST, MCD, WMT, CSCO, SPY intra-day, BABA, AA, MU, BBY, ADBE, LRCX, CCL, MCHP, SWKS, AMAT, SPY, VIX...posted 11:19 Am ET
© 2017



LB -7.86% after eps late yesterday…WMT, NTAP, AMD, FCX, MU lower before the open

URI higher bmo on news...




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6 comments:

Unknown said...

Looks like we broke support on IWM and Spy and many others.....

Unknown said...

Great discussion on self-directed investing.

Unknown said...

Hi Dave.
You mention in this mornings video when spy volume was about 13 million, that this was "24%" below average volume this for this time of day for the last 30 days.

Where do you get this 24% number from??

Dave Johnson said...

Joe...yes many ETFs and stocks did today...as covered in tonight's video there are several stocks including AAPL that are still above last week's support...Dave

Dave Johnson said...

Dana...thank you...Dave

Dave Johnson said...

Fernando...it's called virtual volume...need to check with where you get quote data and see if they calculate average volume...DJ