Tuesday, August 8, 2017

Markets Sell Off After North Korea Comments...VIX Jumps...KORS, RL, Soar...NCLH Cruises Higher...




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After the close Review of ADVN, DECL, VIX, DIA, DJI, QQQ, SPY, IWM, TLT, XLU, XLY, KORS, RL, FOSL, UAA, FL, CHTR, GPS, CBS, RCL, TJX, HBI, bounce setup ETFC, MCD, EA, ATVI, ADSK, potential entry MSFT, breakout setup RCL, ZION, AXP, CCL, QQQ, V, C, BAC, ADBE, NKE, MS, sim trades SPX, MCD, MSFT, MCHP, FB, QQQ discussion about words, talking, information and valuable information.

© 2017


DIA closes lower after making new intra-day high on Tuesday.
QQQ, SPY horizontal resistance breakout setup.

IWM is a channel support bounce setup.

Two sectors were higher led by utilities XLU +0.41% and discretionary XLY +0.05%

SPY down .61 at 247.26 on 61.7 million shares, 8% above avg.  Down on higher volume.
VIX up 1.03 at 10.96.
Oil down .35 to 48.96
TLT down .45 at 124.62…on 6.1 million shares, 14% below avg.  Down on rising volume. 

AAPL +0.80% and DIS +0.59% led the DJIA, 9 advancers.
KORS +21.54% eps, RL +13.28% eps and FOSL +5.71% led the SPX.

NCLH +4.89% eps, TSLA +2.83%, CHTR +2.29% and JD +1.24% led the NDX.

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

Up:
Down: DIA, QQQ, SPY, IWM

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

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


Breadth weakened on Tuesday as decliners led 1,832 to 1,047 on the NYSE and led 1,705 to 1,112 on the NASDAQ.

The SPY MFC green line is at 90, bullish.


29 of 100 NDX stocks closed higher on Tuesday.

53 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
ROST,

Moving Below 30 DMA = 4 
FAST, HSIC, INCY, MXIM,


The intermediate and long-term trends are still up.

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


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6 comments:

Unknown said...

Great insight as always! Thank you!

Mavens of the Mkt said...

Great Video Dave...(as always)

Unknown said...

Dave -- Thanks for sharing BZUN (an ADR) with us. Here is some info about the company: Baozun Inc. is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment. Its segments include the brand e-commerce segment, which provides brand-e-commerce solutions to its brand partners, including IT services, store operations, digital marketing, customer services, warehousing and fulfillment, and the Maikefeng segment that operates its retail online platform, Maikefeng. Its subsidiaries include Baozun Hong Kong Holding Limited and Baozun Hongkong Investment Limited.

Fav said...

Dave Thanks for sharing, looking forward to your next video.

Thomas L. said...

Thank you Dave.... As Always, your videos help me keep focus...Great Video, Two Thumbs Up!

J. A. Bruhn said...

Always hard to filter out the noise so your words were helpful. Thank you for sharing your experience.