Monday, August 28, 2017

SP Futures -16 After No. Korea Fires Missile...




No After the Close video on Monday...


Five sectors were higher, led by healthcare XLV +0.53% and technology XLK +0.19%.

SPY up .01 at 244.57 on 40.5 million shares, 36% below average.  Lower volume.
VIX up .04 at 11.32.
Oil down 1.05 to 46.81
TLT down .08 at 127.24…on 4.4 million shares, 34% below avg.  Lower volume. 


MU +2.61%, BIIB +2.54%, ILMN +2.53%, and LRCX +1.78%, led the NDX.

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

Up: IWM, QQQ, SPY
Down: DIA

Breadth weakened on Monday as decliners led 1,544 to 1,357 on the NYSE and led 1,470 to 1,387 on the NASDAQ.

The SPY MFC green line turned up at 40, bullish.

Uptrend sectorsXLU,
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,


64 of 100 NDX stocks closed higher and four were unchanged on Monday.

43 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ADI, BIIB, CA, CSCO, LRCX, SYMC

Moving Below 30 DMA = 0



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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2 comments:

Gary said...

Here comes the rally...

jlutzkanin said...

I picked up some more ATVI on the pull back. Solid bull flag bounce as I see it.