After the Close Review of Wednesday’s action…INDU, DIA, IBM, UNH, JNJ, GS, IWM, SPY,QQQ, AAPL, AMZN, FB, GOOGL, MSFT, Wednesday after the close earnings charts,
Thursday before the open and after the close earnings charts, XLB, XLI, XLRE, IYR, XLY, XLF GS, MS,
JPM, BAC, C, IBKR, SCHW…9:37 pm PT
Four sectors were higher on Wednesday, led by financial XLF +0.53% and technology XLK +0.25%.
SPY up .25 at 255.72 on 57.9 million shares, 30% below average volume. Up on higher
volume.
VIX down .24 at 10.07
Oil up .31 to 52.25
TLT down .83 at 125.09…on
4.8 million shares, 22% below average. Down on higher volume.
IBM +5.53%, and GS +3.43%, led
the DJIA, 18 advancers.
AIZ +6.20%, NLSN
+4.23% and
ABBV +4.20% led the SPX.
MELI +3.25%, MU
+3.12%, LRCX +3.05%,
DISCA +2.45%, and EXPE +2.11%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
DIA, IWM, SPY,
Down:
QQQ,
Breadth strengthened
on Wednesday as advancers led 1,499 to
1,372 on
the NYSE and led 1,610 to 1,221 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 97.8 bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE, XLY, XLRE, XLU,
Neutral
sectors: XLP,
Down
trend sectors:
Intermediate-term trending stocks: MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA,
EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, TRU, FB, MCD, WB, NVDA,
AABA, BABA, ATVI, EA, RACE, WUBA, ADBE, CCL, RCL, SHOP,
50 of 100 NDX stocks closed
higher and one was unchanged on Wednesday.
67
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ADBE, SBUX, TSLA,
Moving Below 30 DMA = 2
ALXN, BMRN,
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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5 comments:
Great video.Thank you Dave.
Wonderful Video, Amazing commentary.....Thanks Dave
Dave: Thank you for your continuing blog videos, commentary, and postings. These simply keep me FOCUSED on what I SEE as opposed to all the negative NOISE which persists out there. There is an awful lot of I Think out there. Even though the market is down today (10/19) I just continue to watch the Trend and realize the market is just taking a break and exhaling today.
I don't get rattled like in the past. I just follow the Trend and keep the emotions in check.
On a side note, the last few videos have come through with much lower volume. It may be on my end and may be others can chat in if they note the same.
Thank you for all you do for Us Dave.
BH
Lower Volume here also
/ES just made an all time high..again
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